Standpoint Research began coverage on shares of JetBlue Airways Corporation (NASDAQ:JBLU) in a research note released on Friday, September 1st, MarketBeat.com reports. The brokerage issued an accumulate rating and a $26.00 price target on the transportation company’s stock.
JBLU has been the topic of a number of other research reports. Bank of America Corporation upped their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a buy rating in a research note on Friday, June 30th. Buckingham Research lowered shares of JetBlue Airways Corporation from a buy rating to a neutral rating and decreased their price target for the company from $28.00 to $24.00 in a research note on Wednesday, July 26th. Cowen and Company reiterated a hold rating on shares of JetBlue Airways Corporation in a research note on Friday, September 1st. BidaskClub lowered shares of JetBlue Airways Corporation from a hold rating to a sell rating in a research report on Friday, August 11th. Finally, Vetr lowered shares of JetBlue Airways Corporation from a strong-buy rating to a buy rating and set a $25.22 target price on the stock. in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $25.77.
JetBlue Airways Corporation (NASDAQ JBLU) opened at 19.38 on Friday. JetBlue Airways Corporation has a 52 week low of $16.81 and a 52 week high of $24.13. The firm has a 50 day moving average price of $20.50 and a 200 day moving average price of $21.41. The stock has a market capitalization of $6.37 billion, a P/E ratio of 9.84 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Equities research analysts predict that JetBlue Airways Corporation will post $1.94 earnings per share for the current year.
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In other news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the sale, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,860 shares of company stock valued at $683,975. 0.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC grew its holdings in JetBlue Airways Corporation by 1.1% in the second quarter. Lord Abbett & CO. LLC now owns 513,100 shares of the transportation company’s stock worth $11,714,000 after purchasing an additional 5,800 shares during the period. Advisory Services Network LLC grew its holdings in JetBlue Airways Corporation by 659.7% in the second quarter. Advisory Services Network LLC now owns 24,744 shares of the transportation company’s stock worth $565,000 after purchasing an additional 21,487 shares during the period. U S Global Investors Inc. grew its holdings in JetBlue Airways Corporation by 62.5% in the second quarter. U S Global Investors Inc. now owns 210,456 shares of the transportation company’s stock worth $4,613,000 after purchasing an additional 80,938 shares during the period. National Asset Management Inc. grew its holdings in JetBlue Airways Corporation by 9.7% in the second quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock worth $460,000 after purchasing an additional 1,771 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in JetBlue Airways Corporation by 2.7% in the second quarter. Sterling Capital Management LLC now owns 1,237,619 shares of the transportation company’s stock worth $28,255,000 after purchasing an additional 32,531 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.
About JetBlue Airways Corporation
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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