JetBlue Airways Corp. (NASDAQ:JBLU) had its price target boosted by Imperial Capital from $23.00 to $26.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Imperial Capital’s price target suggests a potential upside of 23.87% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 27th. Morgan Stanley reiterated a “hold” rating and issued a $19.00 price objective on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Vetr upgraded shares of JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $19.52 price objective on the stock in a research note on Monday, September 19th. Zacks Investment Research lowered shares of JetBlue Airways Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Finally, Credit Suisse Group AG set a $20.00 price objective on shares of JetBlue Airways Corp. and gave the company a “hold” rating in a research note on Monday, September 12th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.92.

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

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 20.98 on Tuesday. JetBlue Airways Corp. has a 1-year low of $14.76 and a 1-year high of $27.00. The company’s 50-day moving average is $18.48 and its 200 day moving average is $17.58. The stock has a market cap of $6.79 billion, a P/E ratio of 9.31 and a beta of 0.30.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.13%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that JetBlue Airways Corp. will post $2.14 EPS for the current year.

In other JetBlue Airways Corp. news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $17.35, for a total value of $88,832.00. Following the completion of the sale, the director now directly owns 594,653 shares of the company’s stock, valued at approximately $10,317,229.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 6,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $20.23, for a total transaction of $121,380.00. Following the completion of the sale, the executive vice president now directly owns 26,564 shares of the company’s stock, valued at $537,389.72. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of JetBlue Airways Corp. during the second quarter worth about $51,541,000. Vanguard Group Inc. boosted its position in shares of JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares in the last quarter. Korea Investment CORP acquired a new position in shares of JetBlue Airways Corp. during the third quarter worth about $20,707,000. NWI Management LP boosted its position in shares of JetBlue Airways Corp. by 86.1% in the second quarter. NWI Management LP now owns 2,010,000 shares of the company’s stock worth $33,286,000 after buying an additional 930,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of JetBlue Airways Corp. by 52.8% in the second quarter. American Century Companies Inc. now owns 2,633,712 shares of the company’s stock worth $43,614,000 after buying an additional 909,876 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

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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.

5 Day Chart for NASDAQ:JBLU

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