Cowen and Company reissued their hold rating on shares of JetBlue Airways Corporation (NASDAQ:JBLU) in a research note released on Friday morning. The firm currently has a $21.00 target price on the transportation company’s stock.

JBLU has been the topic of a number of other reports. Standpoint Research reaffirmed a buy rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. Bank of America Corporation lifted 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 cut JetBlue Airways Corporation from a buy rating to a hold rating in a research report on Friday, July 28th. Morgan Stanley lifted their price objective on JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an equal weight rating in a research report on Tuesday, June 13th. Finally, Vetr raised JetBlue Airways Corporation from a buy rating to a strong-buy rating and set a $25.22 price objective on the stock in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $25.32.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up 2.47% during midday trading on Friday, hitting $18.70. The stock had a trading volume of 13,198,474 shares. JetBlue Airways Corporation has a 12 month low of $15.86 and a 12 month high of $24.13. The stock’s 50 day moving average price is $20.94 and its 200 day moving average price is $21.43. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 9.49 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that JetBlue Airways Corporation will post $1.97 EPS for the current fiscal year.

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In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.89, for a total value of $39,780.00. Following the sale, the chief executive officer now owns 404,362 shares of the company’s stock, valued at approximately $8,042,760.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the completion of the sale, the executive vice president now directly owns 25,992 shares in the company, valued at approximately $571,304.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,360 shares of company stock worth $750,850. Corporate insiders own 0.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC increased its stake in JetBlue Airways Corporation by 1.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 513,100 shares of the transportation company’s stock worth $11,714,000 after acquiring an additional 5,800 shares during the last quarter. Advisory Services Network LLC increased its stake in JetBlue Airways Corporation by 659.7% in the 2nd quarter. Advisory Services Network LLC now owns 24,744 shares of the transportation company’s stock worth $565,000 after acquiring an additional 21,487 shares during the last quarter. U S Global Investors Inc. increased its stake in JetBlue Airways Corporation by 62.5% in the 2nd quarter. U S Global Investors Inc. now owns 210,456 shares of the transportation company’s stock worth $4,613,000 after acquiring an additional 80,938 shares during the last quarter. National Asset Management Inc. increased its stake in JetBlue Airways Corporation by 9.7% in the 2nd quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock worth $460,000 after acquiring an additional 1,771 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in JetBlue Airways Corporation by 2.7% in the 2nd quarter. Sterling Capital Management LLC now owns 1,237,619 shares of the transportation company’s stock worth $28,255,000 after acquiring an additional 32,531 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

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)

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