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

A number of equities research analysts have recently weighed in on the company. Deutsche Bank AG cut their price target on JetBlue Airways Corp. from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, April 1st. Raymond James Financial Inc. cut their price target on JetBlue Airways Corp. to $26.00 in a research note on Friday, March 25th. Barclays PLC raised JetBlue Airways Corp. from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $29.00 to $26.00 in a research note on Friday, April 15th. Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Finally, Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $24.70 price target for the company in a research note on Monday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. JetBlue Airways Corp. presently has an average rating of “Buy” and an average price target of $28.64.

The firm has a 50 day moving average of $17.12 and a 200 day moving average of $19.71. The stock has a market cap of $5.98 billion and a P/E ratio of 8.59.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. JetBlue Airways Corp.’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, equities research analysts expect that JetBlue Airways Corp. will post $2.13 earnings per share for the current fiscal year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $16.64, for a total value of $85,196.80. Following the completion of the transaction, the director now directly owns 610,013 shares of the company’s stock, valued at $10,150,616.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 5,000 shares of the stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $16.18, for a total transaction of $80,900.00. Following the completion of the transaction, the chief executive officer now directly owns 359,881 shares of the company’s stock, valued at $5,822,874.58. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in JBLU. Balasa Dinverno & Foltz LLC increased its position in JetBlue Airways Corp. by 14.3% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 44,149 shares of the company’s stock worth $1,000,000 after buying an additional 5,534 shares during the last quarter. Advisors Asset Management Inc. increased its position in JetBlue Airways Corp. by 26.4% in the fourth quarter. Advisors Asset Management Inc. now owns 47,916 shares of the company’s stock worth $1,085,000 after buying an additional 9,999 shares during the last quarter. Profund Advisors LLC increased its position in JetBlue Airways Corp. by 56.9% in the fourth quarter. Profund Advisors LLC now owns 51,841 shares of the company’s stock worth $1,174,000 after buying an additional 18,793 shares during the last quarter. Globeflex Capital L P increased its position in JetBlue Airways Corp. by 1.8% in the fourth quarter. Globeflex Capital L P now owns 56,080 shares of the company’s stock worth $1,270,000 after buying an additional 1,000 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its position in JetBlue Airways Corp. by 40.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 70,000 shares of the company’s stock worth $1,586,000 after buying an additional 20,000 shares during 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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