JetBlue Airways Corp. (NASDAQ:JBLU) shares traded down 2.6% during mid-day trading on Thursday . The stock traded as low as $17.46 and last traded at $17.65, with a volume of 4,554,237 shares. The stock had previously closed at $18.13.

Several research analysts have recently issued reports on the stock. Vetr upgraded shares of JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $24.70 target price on the stock in a report on Monday, April 18th. Cowen and Company upgraded shares of JetBlue Airways Corp. from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Barclays PLC reiterated an “overweight” rating on shares of JetBlue Airways Corp. in a report on Thursday, May 26th. Finally, Deutsche Bank AG cut their price target on shares of JetBlue Airways Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corp. currently has an average rating of “Buy” and an average price target of $28.64.

The firm’s 50 day moving average price is $17.20 and its 200 day moving average price is $19.57. The company has a market cap of $5.61 billion and a P/E ratio of 8.05.

JetBlue Airways Corp. (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. On average, analysts expect that JetBlue Airways Corp. will post $2.10 EPS for the current year.

In other JetBlue Airways Corp. news, EVP James G. Hnat sold 15,000 shares of JetBlue Airways Corp. stock in a transaction on 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 in the company, valued at $825,045.40. 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 5,000 shares of JetBlue Airways Corp. stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $16.18, for a total value of $80,900.00. Following the completion of the sale, the chief executive officer now owns 359,881 shares in the company, valued at approximately $5,822,874.58. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Balasa Dinverno & Foltz LLC increased its stake 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 in the last quarter. Advisors Asset Management Inc. increased its stake 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 in the last quarter. Globeflex Capital L P increased its stake 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 in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake 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 in the last quarter. Finally, GSA Capital Partners LLP increased its stake in JetBlue Airways Corp. by 58.8% in the fourth quarter. GSA Capital Partners LLP now owns 85,226 shares of the company’s stock worth $1,930,000 after buying an additional 31,561 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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