Vetr cut shares of JetBlue Airways Corp. (NASDAQ:JBLU) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday. They currently have $21.92 price target on the stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley reaffirmed a hold rating and issued a $18.00 price objective on shares of JetBlue Airways Corp. in a research report on Thursday, July 28th. JPMorgan Chase & Co. decreased their price objective on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a neutral rating for the company in a research report on Wednesday, July 27th. Credit Suisse Group AG set a $20.00 price target on shares of JetBlue Airways Corp. and gave the stock a hold rating in a research report on Monday, September 12th. Imperial Capital initiated coverage on shares of JetBlue Airways Corp. in a research report on Friday, September 16th. They set an outperform rating and a $21.00 price target for the company. Finally, Zacks Investment Research lowered shares of JetBlue Airways Corp. from a buy rating to a hold rating in a research report on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $23.83.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded down 1.03% during mid-day trading on Tuesday, reaching $20.23. 3,286,276 shares of the company traded hands. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 8.98 and a beta of 0.30. The firm has a 50-day moving average price of $17.94 and a 200 day moving average price of $17.51. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.00.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company earned $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.13%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. On average, analysts anticipate that JetBlue Airways Corp. will post $2.14 earnings per share for the current year.

In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corp. stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.37, for a total transaction of $88,934.40. Following the transaction, the director now owns 589,533 shares in the company, valued at approximately $10,240,188.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James G. Hnat sold 10,000 shares of JetBlue Airways Corp. 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 disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of JBLU. Geode Capital Management LLC raised its stake in shares of JetBlue Airways Corp. by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,548,480 shares of the company’s stock valued at $53,823,000 after buying an additional 256,507 shares during the period. Ardevora Asset Management LLP raised its stake in shares of JetBlue Airways Corp. by 13.8% in the second quarter. Ardevora Asset Management LLP now owns 1,444,500 shares of the company’s stock valued at $23,921,000 after buying an additional 174,800 shares during the period. Retirement Systems of Alabama raised its stake in shares of JetBlue Airways Corp. by 123.2% in the second quarter. Retirement Systems of Alabama now owns 923,915 shares of the company’s stock valued at $15,300,000 after buying an additional 509,898 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of JetBlue Airways Corp. by 3.8% in the third quarter. Mutual of America Capital Management LLC now owns 248,164 shares of the company’s stock valued at $4,278,000 after buying an additional 8,998 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in shares of JetBlue Airways Corp. during the second quarter valued at about $444,000. Institutional investors and hedge funds own 80.51% 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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