JetBlue Airways Corp. (NASDAQ:JBLU) shares traded down 2.9% during mid-day trading on Friday . The stock traded as low as $16.15 and last traded at $16.16, with a volume of 6,720,874 shares. The stock had previously closed at $16.65.

Several research analysts have issued reports on the stock. 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 research report on Wednesday, April 27th. Barclays PLC reaffirmed an “overweight” rating on shares of JetBlue Airways Corp. in a research note on Thursday, May 26th. Sterne Agee CRT reaffirmed a “buy” rating on shares of JetBlue Airways Corp. in a research note on Monday, May 16th. Vetr lowered shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price objective for the company. in a research note on Thursday, July 14th. Finally, Credit Suisse Group AG reaffirmed an “underweight” rating on shares of JetBlue Airways Corp. in a research note on Saturday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.33.

The company has a 50-day moving average of $17.44 and a 200 day moving average of $19.01. The stock has a market cap of $5.23 billion and a PE ratio of 7.18.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The firm earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $2.16 earnings per share for the current fiscal year.

In other JetBlue Airways Corp. news, CEO Robin Hayes sold 5,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,822,874.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joel Clinton Peterson sold 5,121 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $17.84, for a total transaction of $91,358.64. Following the completion of the sale, the director now directly owns 615,133 shares of the company’s stock, valued at approximately $10,973,972.72. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of JBLU. Schwab Charles Investment Management Inc. increased its stake in shares of JetBlue Airways Corp. by 10.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 744,089 shares of the company’s stock valued at $16,854,000 after buying an additional 69,519 shares in the last quarter. Airain ltd bought a new stake in shares of JetBlue Airways Corp. during the fourth quarter valued at about $4,162,000. State of Tennessee Treasury Department increased 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 valued at $21,069,000 after buying an additional 780,191 shares in the last quarter. Advisors Asset Management Inc. increased 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 valued at $1,085,000 after buying an additional 9,999 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of JetBlue Airways Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,030,981 shares of the company’s stock valued at $23,351,000 after buying an additional 29,388 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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