Brokerages Set JetBlue Airways Corporation (JBLU) PT at $25.11

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $25.11.

A number of research analysts have recently issued reports on JBLU shares. Standpoint Research began coverage on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. They issued an “accumulate” rating and a $26.00 price objective on the stock. ValuEngine downgraded shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Deutsche Bank AG boosted their target price on shares of JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Cowen and Company reissued a “hold” rating and set a $21.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, September 8th.

In related news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.89, for a total value of $39,780.00. Following the completion of the sale, the chief executive officer now owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $18.96, for a total transaction of $97,075.20. Following the completion of the sale, the director now directly owns 539,702 shares of the company’s stock, valued at approximately $10,232,749.92. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock valued at $474,419 in the last ninety days. Insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Palisade Capital Management LLC NJ grew its holdings in shares of JetBlue Airways Corporation by 34.4% in the third quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock valued at $398,000 after purchasing an additional 5,500 shares during the period. TIAA FSB boosted its stake in JetBlue Airways Corporation by 26.1% during the third quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock worth $4,400,000 after buying an additional 49,142 shares during the period. Prudential Financial Inc. boosted its stake in JetBlue Airways Corporation by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after buying an additional 1,410,594 shares during the period. Russell Investments Group Ltd. boosted its stake in JetBlue Airways Corporation by 39.1% during the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after buying an additional 48,067 shares during the period. Finally, Mik Capital LLC boosted its stake in JetBlue Airways Corporation by 91.5% during the second quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock worth $40,632,000 after buying an additional 850,419 shares during the period. 89.73% of the stock is owned by hedge funds and other institutional investors.

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JetBlue Airways Corporation (NASDAQ JBLU) traded down $0.08 during midday trading on Friday, reaching $19.90. 2,532,964 shares of the company’s stock were exchanged, compared to its average volume of 5,878,000. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6,380.00, a P/E ratio of 10.20 and a beta of 0.65. JetBlue Airways Corporation has a 1-year low of $18.05 and a 1-year high of $24.13.

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 analysts’ consensus estimates 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. equities research analysts expect that JetBlue Airways Corporation will post 1.75 earnings per share for the current year.

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.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

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