JetBlue Airways Corporation (JBLU) Stock Rating Lowered by J P Morgan Chase & Co

JetBlue Airways Corporation (NASDAQ:JBLU) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday. They currently have a $22.00 price objective on the transportation company’s stock. J P Morgan Chase & Co’s target price suggests a potential upside of 14.64% from the stock’s previous close.

JBLU has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 target price on shares of JetBlue Airways Corporation in a research report on Tuesday, October 17th. BidaskClub cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. JetBlue Airways Corporation has a consensus rating of “Hold” and a consensus target price of $25.02.

JetBlue Airways Corporation (NASDAQ:JBLU) traded up $0.24 during trading on Wednesday, reaching $19.19. The company had a trading volume of 2,868,355 shares, compared to its average volume of 6,862,785. The company has a current ratio of 0.56, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.75 and a beta of 0.65.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts forecast that JetBlue Airways Corporation will post 1.73 EPS for the current year.

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In related news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total transaction of $97,075.20. Following the sale, the director now owns 539,702 shares in the company, valued at $10,232,749.92. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock worth $474,419 over the last 90 days. Insiders own 0.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in shares of JetBlue Airways Corporation during the second quarter worth approximately $162,000. IFP Advisors Inc increased its stake in shares of JetBlue Airways Corporation by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares during the period. Capital Management Associates NY purchased a new stake in shares of JetBlue Airways Corporation during the second quarter worth approximately $203,000. Investment Centers of America Inc. purchased a new stake in shares of JetBlue Airways Corporation during the second quarter worth approximately $205,000. Finally, Keybank National Association OH purchased a new stake in shares of JetBlue Airways Corporation during the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.

JetBlue Airways Corporation 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.

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