JetBlue Airways (NASDAQ:JBLU) Given New $21.00 Price Target at Buckingham Research
JetBlue Airways (NASDAQ:JBLU) had its price objective raised by Buckingham Research from $20.00 to $21.00 in a research note published on Tuesday, BenzingaRatingsTable reports. Buckingham Research currently has a neutral rating on the transportation company’s stock.
Several other brokerages have also commented on JBLU. Imperial Capital restated an outperform rating and issued a $26.00 price objective (up from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Credit Suisse Group restated a hold rating on shares of FactSet Research Systems in a report on Monday, July 8th. Cowen reaffirmed an outperform rating and set a $1,420.00 target price (up previously from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Vertical Research raised shares of JetBlue Airways from a hold rating to a buy rating and set a $17.98 target price for the company in a research note on Friday, June 7th. Finally, Zacks Investment Research downgraded shares of German American Bancorp. from a buy rating to a hold rating in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. JetBlue Airways presently has an average rating of Hold and a consensus price target of $20.28.
Shares of JBLU opened at $18.91 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. JetBlue Airways has a one year low of $15.19 and a one year high of $20.14. The business has a 50-day moving average of $18.71. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.43 and a beta of 0.90.
In related news, EVP George Martin J. St sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $17.63, for a total transaction of $26,445.00. Following the completion of the sale, the executive vice president now owns 45,227 shares of the company’s stock, valued at $797,352.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.43, for a total transaction of $46,075.00. Following the sale, the chief executive officer now directly owns 478,743 shares of the company’s stock, valued at approximately $8,823,233.49. The disclosure for this sale can be found here. Insiders have sold 9,000 shares of company stock valued at $166,045 in the last ninety days. Insiders own 0.79% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in shares of JetBlue Airways by 4.4% during the first quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock valued at $231,493,000 after acquiring an additional 596,824 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of JetBlue Airways during the first quarter valued at approximately $12,163,000. OLD Mission Capital LLC bought a new stake in shares of JetBlue Airways during the fourth quarter valued at approximately $162,000. Thompson Siegel & Walmsley LLC increased its position in shares of JetBlue Airways by 251.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock valued at $66,113,000 after acquiring an additional 2,890,530 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of JetBlue Airways by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 3,681,112 shares of the transportation company’s stock valued at $59,118,000 after acquiring an additional 120,122 shares in the last quarter. 91.48% of the stock is owned by institutional investors.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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