JetBlue Airways Corporation (JBLU) PT Raised to $24.00 at Morgan Stanley

JetBlue Airways Corporation (NASDAQ:JBLU) had its price objective increased by Morgan Stanley from $23.00 to $24.00 in a research report released on Monday, July 17th. They currently have an equal weight rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on JBLU. Vetr cut JetBlue Airways Corporation from a strong-buy rating to a buy rating and set a $24.64 target price on the stock. in a research note on Tuesday, April 25th. Imperial Capital increased their target price on JetBlue Airways Corporation from $29.00 to $31.00 and gave the company an outperform rating in a research note on Wednesday, April 26th. Cowen and Company increased their target price on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company a market perform rating in a research note on Wednesday, April 26th. Stifel Nicolaus reissued a hold rating and issued a $23.00 target price on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. Finally, BidaskClub cut JetBlue Airways Corporation from a buy rating to a hold rating in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $25.69.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded down 0.65% during trading on Monday, reaching $21.32. The company had a trading volume of 3,428,650 shares. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13. The company has a 50 day moving average of $22.65 and a 200-day moving average of $21.42. The firm has a market capitalization of $7.01 billion, a P/E ratio of 10.82 and a beta of 0.53.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities analysts expect that JetBlue Airways Corporation will post $2.03 earnings per share for the current year.

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In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $22.87, for a total transaction of $45,740.00. Following the transaction, the chief executive officer now owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock valued at $646,976 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in JBLU. Dimensional Fund Advisors LP raised its position in JetBlue Airways Corporation by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 11,035,605 shares of the transportation company’s stock valued at $251,947,000 after buying an additional 230,067 shares during the last quarter. Virtu KCG Holdings LLC raised its position in JetBlue Airways Corporation by 44.2% in the second quarter. Virtu KCG Holdings LLC now owns 23,446 shares of the transportation company’s stock valued at $535,000 after buying an additional 7,190 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of JetBlue Airways Corporation by 207.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,311,934 shares of the transportation company’s stock valued at $29,951,000 after buying an additional 884,560 shares during the period. M&T Bank Corp increased its stake in shares of JetBlue Airways Corporation by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after buying an additional 181 shares during the period. Finally, TIAA FSB purchased a new stake in shares of JetBlue Airways Corporation during the second quarter valued at $4,299,000. Hedge funds and other institutional investors own 84.76% 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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