Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $25.07.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Friday, March 17th. Imperial Capital reissued an “outperform” rating and issued a $29.00 target price on shares of JetBlue Airways in a research report on Tuesday, March 14th. Wolfe Research downgraded shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a research report on Friday, January 27th. Argus downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $21.42 to $27.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call.
In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $20.18, for a total value of $40,360.00. Following the completion of the sale, the chief executive officer now directly owns 386,118 shares in the company, valued at $7,791,861.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $20.48, for a total transaction of $104,857.60. Following the completion of the sale, the director now owns 569,042 shares of the company’s stock, valued at $11,653,980.16. The disclosure for this sale can be found here. Insiders have sold 18,247 shares of company stock worth $372,820 over the last ninety days. 0.70% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of JBLU. BlackRock Fund Advisors boosted its stake in JetBlue Airways by 5.8% in the third quarter. BlackRock Fund Advisors now owns 12,622,832 shares of the transportation company’s stock worth $217,618,000 after buying an additional 694,834 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of JetBlue Airways by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,178,844 shares of the transportation company’s stock worth $158,243,000 after buying an additional 44,048 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of JetBlue Airways by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,172,565 shares of the transportation company’s stock worth $183,221,000 after buying an additional 197,883 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of JetBlue Airways by 46.4% in the third quarter. Bank of Montreal Can now owns 4,556,392 shares of the transportation company’s stock worth $78,551,000 after buying an additional 1,444,045 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of JetBlue Airways by 8.9% in the fourth quarter. AQR Capital Management LLC now owns 4,041,767 shares of the transportation company’s stock worth $90,616,000 after buying an additional 329,887 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.
Shares of JetBlue Airways (NASDAQ:JBLU) traded up 0.678% during midday trading on Tuesday, reaching $21.535. The company’s stock had a trading volume of 5,015,216 shares. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 9.683 and a beta of 0.26. The company has a 50 day moving average of $20.36 and a 200-day moving average of $20.16. JetBlue Airways has a 52 week low of $14.76 and a 52 week high of $23.15.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Thursday, January 26th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.64 billion. JetBlue Airways had a net margin of 11.31% and a return on equity of 20.64%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. Equities research analysts predict that JetBlue Airways will post $1.80 earnings per share for the current year.
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About JetBlue Airways
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.
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