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

A number of brokerages have commented on JBLU. Vetr upgraded JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $24.70 price objective on the stock in a research note on Monday, April 18th. Cowen and Company upgraded JetBlue Airways Corp. from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 27th. Zacks Investment Research upgraded JetBlue Airways Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Barclays PLC restated an “overweight” rating on shares of JetBlue Airways Corp. in a research note on Thursday, May 26th. Finally, Deutsche Bank AG reduced their price objective on JetBlue Airways Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, April 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.64.

The company has a market capitalization of $5.66 billion and a P/E ratio of 8.13. The company’s 50-day moving average price is $17.17 and its 200 day moving average price is $19.53.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data 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 business earned $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts predict that JetBlue Airways Corp. will post $2.10 EPS for the current year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 610,013 shares in the company, valued at $10,150,616.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 5,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now 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 large investors have modified their holdings of JBLU. Airain ltd acquired a new stake in shares of JetBlue Airways Corp. during the fourth quarter worth about $4,162,000. State of Tennessee Treasury Department boosted its stake in shares of JetBlue Airways Corp. by 520.1% in the fourth quarter. State of Tennessee Treasury Department now owns 930,191 shares of the company’s stock worth $21,069,000 after buying an additional 780,191 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of 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 boosted its stake in shares of 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. Finally, Victory Capital Management Inc. boosted 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 worth $21,399,000 after buying an additional 272,868 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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