JetBlue Airways (NASDAQ:JBLU) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other equities research analysts also recently issued reports about the company. Bank of America downgraded JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a research note on Wednesday. Stephens began coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price target for the company. JPMorgan Chase & Co. downgraded JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a research note on Wednesday, November 1st. Finally, Cowen reaffirmed a “market perform” rating and set a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $24.09.
Shares of JetBlue Airways (NASDAQ:JBLU) opened at $22.93 on Friday. JetBlue Airways has a one year low of $18.05 and a one year high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $7,350.00, a PE ratio of 11.70 and a beta of 0.68.
JetBlue Airways announced that its board has initiated a share buyback plan on Wednesday, December 13th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other JetBlue Airways news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $21.59, for a total value of $53,975.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the sale, the chief executive officer now directly owns 396,535 shares in the company, valued at approximately $8,910,141.45. The disclosure for this sale can be found here. Insiders sold a total of 16,665 shares of company stock worth $343,388 in the last ninety days. Insiders own 0.60% of the company’s stock.
Several large investors have recently made changes to their positions in JBLU. Schwab Charles Investment Management Inc. grew its holdings in shares of JetBlue Airways by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,082,817 shares of the transportation company’s stock worth $24,721,000 after purchasing an additional 39,251 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $210,000. Franklin Resources Inc. grew its holdings in shares of JetBlue Airways by 6.9% during the 2nd quarter. Franklin Resources Inc. now owns 91,649 shares of the transportation company’s stock worth $2,093,000 after purchasing an additional 5,912 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of JetBlue Airways by 876.7% during the 2nd quarter. Seven Eight Capital LP now owns 20,276 shares of the transportation company’s stock worth $463,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of JetBlue Airways by 8.8% during the 2nd quarter. Teachers Advisors LLC now owns 741,463 shares of the transportation company’s stock worth $16,928,000 after purchasing an additional 60,121 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.
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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.
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