J P Morgan Chase & Co cut shares of JetBlue Airways Corporation (NASDAQ:JBLU) from an overweight rating to a neutral rating in a research note issued to investors on Wednesday, November 1st, MarketBeat reports. J P Morgan Chase & Co currently has $22.00 price objective on the transportation company’s stock.
Other equities analysts also recently issued reports about the company. Morgan Stanley lowered their target price on JetBlue Airways Corporation from $24.00 to $23.00 and set an equal weight rating on the stock in a research report on Thursday, August 17th. Standpoint Research reiterated a buy rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. Imperial Capital reiterated a buy rating and set a $31.00 target price on shares of JetBlue Airways Corporation in a research report on Tuesday, October 17th. BidaskClub downgraded JetBlue Airways Corporation from a hold rating to a sell rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $25.25.
JetBlue Airways Corporation (JBLU) opened at $19.78 on Wednesday. The stock has a market capitalization of $6,410.00, a price-to-earnings ratio of 10.30 and a beta of 0.65. JetBlue Airways Corporation has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. research analysts predict that JetBlue Airways Corporation will post 1.75 earnings per share for the current year.
In other JetBlue Airways Corporation news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.89, for a total value of $39,780.00. Following the sale, the chief executive officer now owns 404,362 shares of the company’s stock, valued at approximately $8,042,760.18. The disclosure for this sale can be found here. Insiders sold 24,860 shares of company stock valued at $474,419 in the last quarter. 0.60% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of JetBlue Airways Corporation by 29.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 744,398 shares of the transportation company’s stock valued at $13,794,000 after acquiring an additional 170,351 shares during the period. Cetera Advisors LLC acquired a new stake in JetBlue Airways Corporation during the 3rd quarter worth about $199,000. California Public Employees Retirement System grew its position in JetBlue Airways Corporation by 1.1% during the 3rd quarter. California Public Employees Retirement System now owns 774,105 shares of the transportation company’s stock worth $14,344,000 after purchasing an additional 8,701 shares during the period. Janney Montgomery Scott LLC grew its position in JetBlue Airways Corporation by 55.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,666 shares of the transportation company’s stock worth $1,087,000 after purchasing an additional 20,910 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in JetBlue Airways Corporation by 336.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,353 shares of the transportation company’s stock worth $915,000 after purchasing an additional 38,043 shares during the period. 89.73% of the stock is currently owned by institutional investors and hedge funds.
JetBlue Airways Corporation 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.
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