JetBlue Airways Co. (NASDAQ:JBLU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $21.05, but opened at $21.59. JetBlue Airways shares last traded at $22.34, with a volume of 6444338 shares trading hands.

A number of equities analysts have issued reports on JBLU shares. Stephens started coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price target for the company. BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Deutsche Bank lifted their price target on JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Macquarie started coverage on JetBlue Airways in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and an average price target of $24.09.

The company has a market capitalization of $7,163.25, a P/E ratio of 11.82 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. research analysts expect that JetBlue Airways Co. will post 1.77 earnings per share for the current year.

JetBlue Airways declared that its board has approved a stock repurchase plan on Wednesday, December 13th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total value of $97,075.20. Following the transaction, the director now owns 539,702 shares in the company, valued at $10,232,749.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total value of $42,100.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,665 shares of company stock worth $343,388. 0.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in JetBlue Airways by 29.7% in the third quarter. Public Employees Retirement System of Ohio now owns 744,398 shares of the transportation company’s stock valued at $13,794,000 after purchasing an additional 170,351 shares during the last quarter. Cetera Advisors LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at $199,000. California Public Employees Retirement System raised its holdings in JetBlue Airways by 1.1% during the 3rd quarter. California Public Employees Retirement System now owns 774,105 shares of the transportation company’s stock valued at $14,344,000 after acquiring an additional 8,701 shares during the period. Janney Montgomery Scott LLC raised its holdings in JetBlue Airways by 55.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,666 shares of the transportation company’s stock valued at $1,087,000 after acquiring an additional 20,910 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in JetBlue Airways by 336.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,353 shares of the transportation company’s stock valued at $915,000 after acquiring an additional 38,043 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

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About JetBlue Airways

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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