JetBlue Airways Corp. (JBLU) Upgraded to Buy by Vetr Inc.
Vetr upgraded shares of JetBlue Airways Corp. (NASDAQ:JBLU) from a hold rating to a buy rating in a report published on Monday morning. They currently have $19.06 price objective on the stock.
A number of other research firms have also weighed in on JBLU. JPMorgan Chase & Co. dropped their price objective on JetBlue Airways Corp. from $24.50 to $21.00 and set a neutral rating for the company in a research note on Wednesday, July 27th. 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 lowered JetBlue Airways Corp. from a buy rating to a hold rating in a research note on Thursday, October 13th. 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. Finally, Credit Suisse Group AG set a $20.00 price objective on JetBlue Airways Corp. and gave the stock a hold rating in a research note on Monday, September 12th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $23.42.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.77 on Monday. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.00. The stock has a market capitalization of $5.75 billion, a PE ratio of 7.89 and a beta of 0.35. The firm has a 50-day moving average price of $17.12 and a 200-day moving average price of $17.83.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities research analysts predict that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.
In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corp. stock in a transaction on Monday, August 1st. The stock was sold at an average price of $18.27, for a total value of $93,542.40. Following the transaction, the director now directly owns 604,893 shares in the company, valued at approximately $11,051,395.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corp. stock in a transaction on Monday, October 10th. The shares were sold at an average price of $17.42, for a total value of $34,840.00. Following the completion of the transaction, the chief executive officer now owns 357,881 shares in the company, valued at $6,234,287.02. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in JBLU. Acrospire Investment Management LLC increased its position in shares of JetBlue Airways Corp. by 22.6% in the second quarter. Acrospire Investment Management LLC now owns 6,500 shares of the company’s stock worth $108,000 after buying an additional 1,200 shares in the last quarter. Exane Derivatives boosted its stake in JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock worth $110,000 after buying an additional 4,200 shares during the last quarter. Cribstone Capital Management LLC acquired a new stake in JetBlue Airways Corp. during the second quarter worth $115,000. Nisa Investment Advisors LLC boosted its stake in JetBlue Airways Corp. by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $138,000 after buying an additional 4,500 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in JetBlue Airways Corp. during the second quarter worth $163,000. Institutional investors and hedge funds own 79.57% of the company’s stock.
About JetBlue Airways Corp.
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.
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