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.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. JetBlue Airways’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. equities research analysts anticipate that JetBlue Airways will post 1.74 earnings per share for the current year.

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.

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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.

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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