Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have been assigned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.11.

Several equities research analysts recently issued reports on the stock. Buckingham Research cut shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $24.00 in a research report on Wednesday, July 26th. Cowen and Company reissued a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Deutsche Bank AG raised their target price on shares of JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Macquarie assumed coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock.

In related news, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.89, for a total transaction of $39,780.00. Following the completion of 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. In the last 90 days, insiders sold 24,860 shares of company stock valued at $474,419. Insiders own 0.60% of the company’s stock.

Several large investors have recently modified their holdings of the stock. World Asset Management Inc increased its stake in JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 155 shares during the last quarter. M&T Bank Corp increased its stake in JetBlue Airways Corporation by 0.9% during the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 181 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in JetBlue Airways Corporation by 2.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in JetBlue Airways Corporation by 2.8% during the second 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 last quarter. Finally, Capstone Asset Management Co. increased its stake in JetBlue Airways Corporation by 1.1% during the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded down $0.27 during midday trading on Friday, hitting $19.99. 3,297,823 shares of the stock were exchanged, compared to its average volume of 6,351,103. The stock has a market capitalization of $6,409.73, a P/E ratio of 10.30 and a beta of 0.65. JetBlue Airways Corporation has a 1-year low of $18.05 and a 1-year high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. analysts expect that JetBlue Airways Corporation will post 1.75 EPS for the current fiscal year.

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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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