JetBlue Airways (NASDAQ:JBLU) had its price objective reduced by Cowen from $20.00 to $19.00 in a research report sent to investors on Thursday, Briefing.com Automated Import reports. They currently have a market perform rating on the transportation company’s stock.

A number of other brokerages have also recently commented on JBLU. Imperial Capital reissued an outperform rating and set a $26.00 target price (up previously from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Citigroup upgraded JetBlue Airways from a neutral rating to a buy rating and upped their price target for the company from $19.50 to $26.00 in a research report on Tuesday, June 11th. BidaskClub lowered JetBlue Airways from a sell rating to a strong sell rating in a research report on Tuesday, August 20th. Buckingham Research dropped their price target on JetBlue Airways from $21.00 to $18.00 and set a neutral rating for the company in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded JetBlue Airways from a hold rating to a buy rating and set a $18.00 price objective for the company in a research report on Monday, September 2nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $20.23.

NASDAQ JBLU traded up $0.23 on Thursday, reaching $17.39. 3,384,415 shares of the stock traded hands, compared to its average volume of 4,510,740. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51. The company has a fifty day moving average price of $18.18 and a 200-day moving average price of $17.83. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.40 and a beta of 0.89. JetBlue Airways has a 12 month low of $15.19 and a 12 month high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. JetBlue Airways’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. As a group, research analysts anticipate that JetBlue Airways will post 1.95 earnings per share for the current fiscal year.

In other news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $19.14, for a total value of $47,850.00. Following the sale, the chief executive officer now directly owns 478,393 shares in the company, valued at $9,156,442.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 2,335 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $18.91, for a total value of $44,154.85. Following the completion of the sale, the chief financial officer now owns 22,086 shares in the company, valued at $417,646.26. The disclosure for this sale can be found here. Insiders sold 14,335 shares of company stock valued at $268,395 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in JetBlue Airways by 3.4% in 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 buying an additional 120,122 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JetBlue Airways by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,877 shares of the transportation company’s stock valued at $522,000 after buying an additional 648 shares during the period. State Treasurer State of Michigan grew its stake in shares of JetBlue Airways by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 109,223 shares of the transportation company’s stock valued at $1,787,000 after buying an additional 600 shares during the period. Quinn Opportunity Partners LLC grew its stake in shares of JetBlue Airways by 21.0% during the 1st quarter. Quinn Opportunity Partners LLC now owns 225,000 shares of the transportation company’s stock valued at $3,681,000 after buying an additional 39,000 shares during the period. Finally, Mason Street Advisors LLC grew its stake in shares of JetBlue Airways by 2.1% during the 1st quarter. Mason Street Advisors LLC now owns 163,005 shares of the transportation company’s stock valued at $2,667,000 after buying an additional 3,358 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

JetBlue Airways Company Profile

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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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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