JetBlue Airways (JBLU) Stock Rating Reaffirmed by Cowen
JetBlue Airways (NASDAQ:JBLU)‘s stock had its “market perform” rating reaffirmed by stock analysts at Cowen in a research note issued to investors on Tuesday. They currently have a $24.00 price objective on the transportation company’s stock, up from their previous price objective of $22.00. Cowen’s price target would indicate a potential upside of 11.68% from the company’s current price.
Other equities analysts have also issued reports about the company. Stephens began coverage on JetBlue Airways in a report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price for the company. ValuEngine raised JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co lowered JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, November 1st. Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley reduced their price objective on JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.16.
JetBlue Airways (NASDAQ JBLU) traded down $0.10 during mid-day trading on Tuesday, hitting $21.49. The stock had a trading volume of 6,294,900 shares, compared to its average volume of 5,831,258. The company has a market capitalization of $6,922.77, a price-to-earnings ratio of 11.13 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13.
In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00. Following the sale, the chief executive officer now owns 402,362 shares in the company, valued at $7,467,838.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total value of $97,075.20. Following the sale, the director now owns 539,702 shares in the company, valued at approximately $10,232,749.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,785 shares of company stock valued at $448,492. 0.60% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of JBLU. Alliancebernstein L.P. lifted its position in shares of JetBlue Airways by 1,135.5% during the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after acquiring an additional 2,690,638 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of JetBlue Airways by 68.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock worth $66,719,000 after buying an additional 1,468,416 shares in the last quarter. Prudential Financial Inc. raised its position in shares of JetBlue Airways by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after buying an additional 1,410,594 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of JetBlue Airways by 35.0% in the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after buying an additional 961,535 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of JetBlue Airways in the second quarter worth $21,689,000. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About JetBlue Airways
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.
Receive News & Stock Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related stocks with our FREE daily email newsletter.