Vetr Inc. Upgrades JetBlue Airways Corp. (JBLU) to “Buy”
JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $18.40 price target on the stock. Vetr‘s price target points to a potential upside of 3.02% from the stock’s previous close.
A number of other research firms also recently issued reports on JBLU. Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. JPMorgan Chase & Co. decreased their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Cowen and Company reissued a “buy” rating and issued a $23.00 target price on shares of JetBlue Airways Corp. in a research report on Monday, June 13th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of JetBlue Airways Corp. in a report on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $18.00 price target on shares of JetBlue Airways Corp. in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. JetBlue Airways Corp. presently has a consensus rating of “Buy” and an average price target of $23.37.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.86 on Monday. The firm has a market cap of $5.78 billion, a PE ratio of 7.93 and a beta of 0.35. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.00. The firm has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.92.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The business earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.
In other JetBlue Airways Corp. news, EVP James G. Hnat sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $17.27, for a total transaction of $172,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $15.81, for a total value of $80,947.20. Following the sale, the director now owns 599,773 shares in the company, valued at approximately $9,482,411.13. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. increased its stake in JetBlue Airways Corp. by 14.8% in the third quarter. Eqis Capital Management Inc. now owns 13,954 shares of the company’s stock worth $241,000 after buying an additional 1,803 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in JetBlue Airways Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock worth $921,000 after buying an additional 222 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in JetBlue Airways Corp. during the second quarter worth $2,433,000. Public Employees Retirement System of Ohio increased its stake in JetBlue Airways Corp. by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 551,118 shares of the company’s stock worth $9,127,000 after buying an additional 3,381 shares during the last quarter. Finally, Calvert Investment Management Inc. increased its stake in JetBlue Airways Corp. by 10.7% in the second quarter. Calvert Investment Management Inc. now owns 27,008 shares of the company’s stock worth $447,000 after buying an additional 2,615 shares during the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.
About JetBlue Airways Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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