BidaskClub cut shares of JetBlue Airways Corporation (NASDAQ:JBLU) from a buy rating to a hold rating in a research note published on Friday.

Other research analysts also recently issued research reports about the stock. Vetr downgraded shares of JetBlue Airways Corporation from a strong-buy rating to a buy rating and set a $24.64 target price for the company. in a research 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 target price for the company in a research report on Wednesday, July 12th. Bank of America Corp raised their target price on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a buy rating in a research report on Friday, June 30th. Morgan Stanley raised their target price on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an equal weight rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $23.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $25.69.

JetBlue Airways Corporation (NASDAQ:JBLU) traded up 0.570% during midday trading on Friday, hitting $22.055. 1,248,020 shares of the company traded hands. The firm has a market capitalization of $7.25 billion, a PE ratio of 11.195 and a beta of 0.54. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $21.39.

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

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In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the completion of the sale, the director now owns 560,182 shares in the company, valued at $12,957,009.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP George Martin J. St sold 2,500 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the sale, the executive vice president now owns 28,457 shares of the company’s stock, valued at approximately $654,511. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,620 shares of company stock valued at $833,036. Corporate insiders own 0.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JBLU. Retirement Systems of Alabama boosted its stake in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Retirement Systems of Alabama now owns 748,820 shares of the transportation company’s stock worth $17,096,000 after buying an additional 8,009 shares in the last quarter. IFP Advisors Inc boosted its stake in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in JetBlue Airways Corporation by 2.2% in the second quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock worth $422,000 after buying an additional 398 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in JetBlue Airways Corporation by 73.0% in the second quarter. Essex Investment Management Co. LLC now owns 104,140 shares of the transportation company’s stock worth $2,378,000 after buying an additional 43,940 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock worth $514,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

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.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

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