JetBlue Airways Corporation (NASDAQ:JBLU) Rating Reiterated by Cowen and Company

Cowen and Company reissued their hold rating on shares of JetBlue Airways Corporation (NASDAQ:JBLU) in a research note published on Friday, September 8th. They currently have a $21.00 price objective on the transportation company’s stock.

Several other equities analysts also recently weighed in on JBLU. BidaskClub downgraded JetBlue Airways Corporation from a hold rating to a sell rating in a research note on Friday, August 11th. Zacks Investment Research downgraded JetBlue Airways Corporation from a buy rating to a hold rating in a research note on Monday, August 7th. Stifel Nicolaus reissued a hold rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Morgan Stanley lowered their price objective on JetBlue Airways Corporation from $24.00 to $23.00 and set an equal weight rating for the company in a research report on Thursday, August 17th. Finally, Vetr cut JetBlue Airways Corporation from a strong-buy rating to a buy rating and set a $25.22 target price on the stock. in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $25.77.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.16 on Friday. The stock has a market capitalization of $6.30 billion, a PE ratio of 9.73 and a beta of 0.59. The company’s 50 day moving average price is $20.42 and its 200 day moving average price is $21.42. JetBlue Airways Corporation has a 12 month low of $16.81 and a 12 month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.53 EPS. JetBlue Airways Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that JetBlue Airways Corporation will post $1.93 earnings per share for the current fiscal year.

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In other news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were 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 hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total transaction of $45,740.00. Following the sale, the chief executive officer now directly owns 408,362 shares of the company’s stock, valued at approximately $9,339,238.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,860 shares of company stock valued at $683,975. 0.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. World Asset Management Inc increased its stake in JetBlue Airways Corporation by 0.7% in the 2nd quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after buying an additional 155 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in shares of JetBlue Airways Corporation by 1.5% during the 1st quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares during the period. M&T Bank Corp boosted its holdings in shares of JetBlue Airways Corporation by 0.9% during the 2nd quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after buying an additional 181 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of JetBlue Airways Corporation by 2.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after buying an additional 283 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in JetBlue Airways Corporation by 2.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

About JetBlue Airways Corporation

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 Corporation (NASDAQ:JBLU)

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