BidaskClub downgraded shares of JetBlue Airways (NASDAQ:JBLU) from a hold rating to a sell rating in a report issued on Friday.

JBLU has been the subject of a number of other reports. Cowen reissued a market perform rating and set a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. ValuEngine raised JetBlue Airways from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Imperial Capital reissued a buy rating and set a $31.00 price target on shares of JetBlue Airways in a research note on Tuesday, October 17th. Morgan Stanley reissued an equal weight rating and set a $20.00 price target (down from $21.00) on shares of JetBlue Airways in a research note on Wednesday, October 4th. Finally, JPMorgan Chase & Co. lowered JetBlue Airways from an overweight rating to a neutral rating and set a $22.00 price target for the company. in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. JetBlue Airways currently has a consensus rating of Hold and an average price target of $24.56.

Shares of JetBlue Airways (NASDAQ JBLU) traded down $0.10 during trading on Friday, reaching $21.28. The company had a trading volume of 3,947,400 shares, compared to its average volume of 4,530,880. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a market capitalization of $6,850.00, a price-to-earnings ratio of 10.86 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. sell-side analysts predict that JetBlue Airways will post 1.76 earnings per share for the current year.

JetBlue Airways announced that its board has initiated a stock repurchase plan on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 539,702 shares of the company’s stock, valued at approximately $10,232,749.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $21.59, for a total value of $53,975.00. The disclosure for this sale can be found here. Insiders sold a total of 16,665 shares of company stock valued at $343,388 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of JetBlue Airways by 29.7% in the third quarter. Public Employees Retirement System of Ohio now owns 744,398 shares of the transportation company’s stock worth $13,794,000 after buying an additional 170,351 shares during the period. Cetera Advisors LLC purchased a new stake in shares of JetBlue Airways in the third quarter worth approximately $199,000. California Public Employees Retirement System raised its holdings in shares of JetBlue Airways by 1.1% in the third quarter. California Public Employees Retirement System now owns 774,105 shares of the transportation company’s stock worth $14,344,000 after buying an additional 8,701 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of JetBlue Airways by 55.4% in the third quarter. Janney Montgomery Scott LLC now owns 58,666 shares of the transportation company’s stock worth $1,087,000 after buying an additional 20,910 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of JetBlue Airways by 336.4% in the third quarter. Cubist Systematic Strategies LLC now owns 49,353 shares of the transportation company’s stock worth $915,000 after buying an additional 38,043 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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JetBlue Airways 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 (NASDAQ:JBLU)

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