JetBlue Airways (NASDAQ:JBLU) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently commented on JBLU. Stephens assumed coverage on shares of JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 target price on the stock. Deutsche Bank raised their target price on shares of JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Macquarie assumed coverage on shares of JetBlue Airways in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.09.

JetBlue Airways (NASDAQ:JBLU) traded up $0.59 during mid-day trading on Friday, hitting $22.93. 4,361,571 shares of the company were exchanged, compared to its average volume of 4,094,137. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. JetBlue Airways has a 1-year low of $18.05 and a 1-year high of $24.13. The firm has a market cap of $7,163.25, a PE ratio of 11.82 and a beta of 0.68.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts expect that JetBlue Airways will post 1.77 earnings per share for the current fiscal year.

JetBlue Airways declared that its board has authorized a stock buyback plan on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

In other news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $21.59, for a total transaction of $53,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James G. Hnat sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total transaction of $42,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,665 shares of company stock valued at $343,388. Insiders own 0.60% of the company’s stock.

Several large investors have recently bought and sold shares of JBLU. Frontier Capital Management Co. LLC boosted its position in shares of JetBlue Airways by 68.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock valued at $66,719,000 after purchasing an additional 1,468,416 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $21,689,000. Disciplined Growth Investors Inc. MN boosted its position in shares of JetBlue Airways by 22.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,860,896 shares of the transportation company’s stock valued at $90,072,000 after purchasing an additional 899,775 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of JetBlue Airways by 207.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,311,934 shares of the transportation company’s stock valued at $29,951,000 after purchasing an additional 884,560 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of JetBlue Airways by 208.3% during the 3rd quarter. Systematic Financial Management LP now owns 1,024,200 shares of the transportation company’s stock valued at $18,978,000 after purchasing an additional 691,975 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

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JetBlue Airways Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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