JetBlue Airways Corporation (NASDAQ:JBLU) had its price objective raised by Cowen and Company from $24.00 to $25.00 in a research report report published on Tuesday morning, Marketbeat reports. The firm currently has a market perform rating on the transportation company’s stock.

JBLU has been the subject of several other research reports. Stifel Nicolaus reissued a hold rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a report on Friday, May 26th. Vetr downgraded shares of JetBlue Airways Corporation from a strong-buy rating to a buy rating and set a $24.64 price target for the company. in a report on Tuesday, April 25th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Wednesday, July 12th. Morgan Stanley reissued an equal weight rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Finally, Imperial Capital reissued an outperform rating on shares of JetBlue Airways Corporation in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $25.69.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up 1.61% on Tuesday, hitting $22.06. 4,832,431 shares of the stock traded hands. The firm has a market cap of $7.36 billion, a P/E ratio of 11.22 and a beta of 0.54. The firm’s 50-day moving average is $22.90 and its 200 day moving average is $21.40. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.89%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that JetBlue Airways Corporation will post $2.01 EPS for the current fiscal year.

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In other JetBlue Airways Corporation news, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the sale, the executive vice president now owns 28,457 shares in the company, valued at approximately $654,511. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joel Clinton Peterson sold 7,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $21.37, for a total value of $149,590.00. Following the sale, the director now owns 577,422 shares in the company, valued at approximately $12,339,508.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,740 shares of company stock worth $1,009,482. 0.60% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of JBLU. Vanguard Group Inc. increased its stake in JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after buying an additional 2,085,912 shares during the last quarter. BlackRock Inc. increased its stake in JetBlue Airways Corporation by 13,299.6% in the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock valued at $564,889,000 after buying an additional 27,203,916 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in JetBlue Airways Corporation by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock valued at $222,704,000 after buying an additional 2,632,973 shares during the last quarter. State Street Corp increased its stake in JetBlue Airways Corporation by 2.6% in the first quarter. State Street Corp now owns 8,284,830 shares of the transportation company’s stock valued at $170,755,000 after buying an additional 212,600 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in JetBlue Airways Corporation by 4.9% in the first quarter. Wellington Management Group LLP now owns 7,306,920 shares of the transportation company’s stock valued at $150,595,000 after buying an additional 344,557 shares during the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

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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