JetBlue Airways Corp. (JBLU) Shares Up 2.2%
JetBlue Airways Corp. (NASDAQ:JBLU) shares shot up 2.2% during mid-day trading on Tuesday . The company traded as high as $16.27 and last traded at $16.10, with a volume of 3,576,598 shares traded. The stock had previously closed at $15.76.
A number of research analysts have weighed in on JBLU shares. Morgan Stanley restated a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Vetr upgraded JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $20.58 price target for the company in a research note on Monday, August 1st. JPMorgan Chase & Co. decreased their price target on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Credit Suisse Group AG restated an “underweight” rating on shares of JetBlue Airways Corp. in a research note on Saturday, June 25th. Finally, Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.40.
The firm’s 50-day moving average is $17.30 and its 200 day moving average is $18.80. The company has a market capitalization of $5.21 billion and a PE ratio of 7.14.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. During the same period last year, the company earned $0.44 earnings per share. The company earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts anticipate that JetBlue Airways Corp. will post $2.16 earnings per share for the current fiscal year.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total value of $93,542.40. Following the completion of the transaction, the director now directly owns 604,893 shares of the company’s stock, valued at $11,051,395.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 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 hedge fund recently raised its stake in JetBlue Airways Corp. stock. Advisors Asset Management Inc. raised its stake in shares of JetBlue Airways Corp. (NASDAQ:JBLU) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,916 shares of the company’s stock after buying an additional 9,999 shares during the period. Advisors Asset Management Inc.’s holdings in JetBlue Airways Corp. were worth $1,085,000 at the end of the most recent reporting period.
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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