JetBlue Airways Corp. (NASDAQ:JBLU) shares shot up 2.6% during mid-day trading on Wednesday . The company traded as high as $18.86 and last traded at $18.47, with a volume of 6,381,871 shares changing hands. The stock had previously closed at $18.01.

A number of research firms have issued reports on JBLU. Deutsche Bank AG reissued a “buy” rating on shares of JetBlue Airways Corp. in a research note on Saturday, April 9th. Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $24.70 target price for the company in a research note on Monday, April 18th. Sterne Agee CRT reissued a “buy” rating on shares of JetBlue Airways Corp. in a research note on Monday, May 16th. Zacks Investment Research cut JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. JetBlue Airways Corp. presently has a consensus rating of “Buy” and an average price target of $28.91.

The stock’s 50 day moving average is $17.10 and its 200-day moving average is $19.73. The firm has a market cap of $5.87 billion and a PE ratio of 8.42.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. Equities research analysts forecast that JetBlue Airways Corp. will post $2.14 EPS for the current fiscal year.

In other JetBlue Airways Corp. news, EVP George Martin J. St sold 30,512 shares of the stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $19.75, for a total transaction of $602,612.00. Following the completion of the sale, the executive vice president now directly owns 48,969 shares in the company, valued at approximately $967,137.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James G. Hnat sold 15,000 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $19.85, for a total value of $297,750.00. Following the sale, the executive vice president now owns 41,564 shares of the company’s stock, valued at $825,045.40. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. Morgan Stanley increased its stake in shares of JetBlue Airways Corp. by 40.6% in the fourth quarter. Morgan Stanley now owns 3,163,792 shares of the company’s stock valued at $71,660,000 after buying an additional 913,710 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of JetBlue Airways Corp. by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 23,771,021 shares of the company’s stock valued at $538,414,000 after buying an additional 779,735 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of JetBlue Airways Corp. by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 944,803 shares of the company’s stock valued at $21,399,000 after buying an additional 272,868 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of JetBlue Airways Corp. by 83,081.8% in the fourth quarter. Schroder Investment Management Group now owns 256,200 shares of the company’s stock valued at $5,803,000 after buying an additional 255,892 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in shares of JetBlue Airways Corp. by 22.3% in the fourth quarter. Artemis Investment Management LLP now owns 1,387,682 shares of the company’s stock valued at $31,438,000 after buying an additional 253,204 shares in the last quarter.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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