JetBlue Airways Corp. (JBLU) Trading Up 2.2%
JetBlue Airways Corp. (NASDAQ:JBLU) shares were up 2.2% on Tuesday . The company traded as high as $16.27 and last traded at $16.10, with a volume of 3,576,598 shares trading hands. The stock had previously closed at $15.76.
A number of research firms have recently issued reports on JBLU. JPMorgan Chase & Co. cut their target price on shares of 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. Morgan Stanley reiterated a “hold” rating and issued a $19.00 price objective on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Vetr upgraded shares of JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $20.58 price objective for the company in a research note on Wednesday, July 20th. Credit Suisse Group AG reiterated an “underweight” rating on shares of JetBlue Airways Corp. in a research note on Saturday, June 25th. Finally, Cowen and Company reiterated a “buy” rating and issued a $23.00 price objective on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Two equities 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 company’s stock. JetBlue Airways Corp. has an average rating of “Buy” and an average price target of $27.40.
The firm has a market cap of $5.17 billion and a price-to-earnings ratio of 7.10. The company has a 50 day moving average of $17.21 and a 200-day moving average of $18.75.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings data 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 business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share. Analysts predict that JetBlue Airways Corp. will post $2.16 earnings per share for the current year.
In other JetBlue Airways Corp. news, Director Joel Clinton Peterson sold 5,121 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $17.84, for a total transaction of $91,358.64. Following the sale, the director now directly owns 615,133 shares of the company’s stock, valued at $10,973,972.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $16.18, for a total transaction of $80,900.00. Following the sale, the chief executive officer now directly owns 359,881 shares in the company, valued at $5,822,874.58. The disclosure for this sale can be found here.
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.