JetBlue Airways Corporation (NASDAQ:JBLU) has been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.47.

JBLU has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, July 17th. Bank of America Corporation increased their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective for the company in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th.

JetBlue Airways Corporation (JBLU) traded down 0.05% during trading on Friday, hitting $21.81. The stock had a trading volume of 3,375,565 shares. The firm’s 50-day moving average price is $22.60 and its 200-day moving average price is $21.44. JetBlue Airways Corporation has a 1-year low of $15.70 and a 1-year high of $24.13. The stock has a market cap of $7.17 billion, a PE ratio of 11.07 and a beta of 0.53.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.

In other news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.87, for a total value of $45,740.00. Following the transaction, the chief executive officer now directly owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock valued at $646,976 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in JetBlue Airways Corporation during the first quarter worth $138,000. Americafirst Capital Management LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $141,000. James Investment Research Inc. bought a new position in JetBlue Airways Corporation during the first quarter worth $150,000. Kistler Tiffany Companies LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $155,000. Finally, CENTRAL TRUST Co bought a new position in JetBlue Airways Corporation during the second quarter worth $162,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/16/jetblue-airways-corporation-jblu-given-consensus-recommendation-of-hold-by-brokerages.html.

JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

Receive News & Stock Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related stocks with our FREE daily email newsletter.