JetBlue Airways (NASDAQ:JBLU) had its target price decreased by equities researchers at Barclays from $23.00 to $16.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 40.91% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Buckingham Research cut JetBlue Airways from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $15.00 in a research note on Thursday, February 27th. ValuEngine raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 17th. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 price objective on shares of JetBlue Airways in a research note on Friday, January 24th. UBS Group cut JetBlue Airways from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $12.00 in a research report on Friday, March 13th. Finally, Deutsche Bank raised JetBlue Airways from a “hold” rating to a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. JetBlue Airways has a consensus rating of “Hold” and an average target price of $20.06.

JetBlue Airways stock traded up $0.02 during mid-day trading on Thursday, reaching $11.36. The stock had a trading volume of 11,738,060 shares, compared to its average volume of 16,223,674. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67. JetBlue Airways has a fifty-two week low of $6.61 and a fifty-two week high of $21.65. The stock’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $17.83. The firm has a market capitalization of $2.65 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.74 and a beta of 0.99.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. JetBlue Airways had a return on equity of 12.06% and a net margin of 7.03%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts forecast that JetBlue Airways will post 0.57 earnings per share for the current fiscal year.

In related news, CFO Stephen J. Priest sold 1,927 shares of JetBlue Airways stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $20.01, for a total transaction of $38,559.27. Following the sale, the chief financial officer now directly owns 19,545 shares in the company, valued at $391,095.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joanna Geraghty sold 12,655 shares of JetBlue Airways stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $14.98, for a total value of $189,571.90. Following the sale, the chief operating officer now owns 176,353 shares in the company, valued at $2,641,767.94. The disclosure for this sale can be found here. Insiders have sold 23,413 shares of company stock worth $388,329 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of JBLU. Municipal Employees Retirement System of Michigan grew its position in shares of JetBlue Airways by 1.1% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 54,950 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 600 shares in the last quarter. Investment Counselors of Maryland LLC grew its position in JetBlue Airways by 5.3% during the fourth quarter. Investment Counselors of Maryland LLC now owns 13,256 shares of the transportation company’s stock worth $248,000 after buying an additional 666 shares in the last quarter. Assetmark Inc. grew its position in JetBlue Airways by 34.9% during the fourth quarter. Assetmark Inc. now owns 2,884 shares of the transportation company’s stock worth $54,000 after buying an additional 746 shares in the last quarter. Regentatlantic Capital LLC grew its position in JetBlue Airways by 7.4% during the fourth quarter. Regentatlantic Capital LLC now owns 13,018 shares of the transportation company’s stock worth $244,000 after buying an additional 900 shares in the last quarter. Finally, Stone Ridge Asset Management LLC grew its position in JetBlue Airways by 3.4% during the fourth quarter. Stone Ridge Asset Management LLC now owns 39,349 shares of the transportation company’s stock worth $737,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.

See Also: Gross Domestic Product (GDP)

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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