JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $18.40 price target on the stock. Vetr‘s price objective would indicate a potential upside of 5.81% from the company’s current price.

Several other research analysts also recently issued reports on JBLU. Morgan Stanley reaffirmed a “hold” rating and issued a $18.00 price objective on shares of JetBlue Airways Corp. in a research note on Thursday, July 28th. Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Cowen and Company reaffirmed a “buy” rating and issued a $23.00 price objective on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Finally, Imperial Capital assumed coverage on JetBlue Airways Corp. in a research note on Friday, September 16th. They issued an “outperform” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $23.37.

Analyst Recommendations for JetBlue Airways Corp. (NASDAQ:JBLU)

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.39 on Monday. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.09. The firm has a market capitalization of $5.63 billion, a P/E ratio of 7.72 and a beta of 0.36. The firm’s 50-day moving average is $16.80 and its 200 day moving average is $17.98.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that JetBlue Airways Corp. will post $2.19 earnings per share for the current year.

In related news, EVP James G. Hnat sold 10,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $17.27, for a total value of $172,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $15.81, for a total value of $80,947.20. Following the completion of the transaction, the director now owns 599,773 shares in the company, valued at $9,482,411.13. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of JetBlue Airways Corp. by 44.4% in the first quarter. Riverhead Capital Management LLC now owns 236,678 shares of the company’s stock worth $4,999,000 after buying an additional 72,761 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of JetBlue Airways Corp. by 2,352.8% in the first quarter. Lazard Asset Management LLC now owns 150,724 shares of the company’s stock worth $3,183,000 after buying an additional 144,579 shares in the last quarter. State Street Corp boosted its position in shares of JetBlue Airways Corp. by 3.3% in the first quarter. State Street Corp now owns 8,429,760 shares of the company’s stock worth $178,037,000 after buying an additional 271,565 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of JetBlue Airways Corp. by 8.2% in the first quarter. Canada Pension Plan Investment Board now owns 389,700 shares of the company’s stock worth $8,230,000 after buying an additional 29,500 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in shares of JetBlue Airways Corp. during the first quarter worth about $5,252,000. Institutional investors own 79.64% of the company’s stock.

JetBlue Airways Corp. 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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

5 Day Chart for NASDAQ:JBLU

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