Wolfe Research upgraded shares of JetBlue Airways (NASDAQ:JBLU) from an underperform rating to a peer perform rating in a research report sent to investors on Friday, MarketBeat Ratings reports.

A number of other analysts have also recently issued reports on JBLU. BidaskClub raised JetBlue Airways from a sell rating to a hold rating in a research note on Thursday, June 28th. ValuEngine cut JetBlue Airways from a sell rating to a strong sell rating in a research note on Tuesday, July 10th. Zacks Investment Research raised JetBlue Airways from a strong sell rating to a hold rating in a research note on Wednesday, July 11th. Morgan Stanley lowered their target price on JetBlue Airways from $22.00 to $21.00 and set an equal weight rating for the company in a research note on Thursday, July 12th. Finally, Imperial Capital reissued an outperform rating and set a $26.00 target price on shares of JetBlue Airways in a research note on Monday, July 16th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $21.67.

NASDAQ JBLU traded up $0.15 during trading hours on Friday, reaching $16.36. 7,414,409 shares of the company’s stock were exchanged, compared to its average volume of 4,890,528. JetBlue Airways has a one year low of $16.03 and a one year high of $23.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.59. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.28 and a beta of 0.49.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the business earned $0.64 EPS. JetBlue Airways’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that JetBlue Airways will post 1.48 EPS for the current year.

In other JetBlue Airways news, EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $19.39, for a total transaction of $58,170.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $17.97, for a total value of $35,940.00. Following the sale, the chief executive officer now directly owns 438,803 shares of the company’s stock, valued at approximately $7,885,289.91. The disclosure for this sale can be found here. Insiders have sold a total of 13,000 shares of company stock valued at $248,150 in the last ninety days. Insiders own 0.63% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. increased its position in JetBlue Airways by 64.4% during the 2nd quarter. Donald Smith & CO. Inc. now owns 6,941,452 shares of the transportation company’s stock worth $131,749,000 after buying an additional 2,719,980 shares during the period. Renaissance Technologies LLC bought a new position in JetBlue Airways during the 2nd quarter worth $29,956,000. LSV Asset Management increased its position in JetBlue Airways by 18.3% during the 2nd quarter. LSV Asset Management now owns 7,553,189 shares of the transportation company’s stock worth $143,359,000 after buying an additional 1,168,454 shares during the period. Point72 Asset Management L.P. bought a new position in JetBlue Airways during the 2nd quarter worth $12,499,000. Finally, Summit Trail Advisors LLC increased its position in JetBlue Airways by 1,784.6% during the 1st quarter. Summit Trail Advisors LLC now owns 340,975 shares of the transportation company’s stock worth $341,000 after buying an additional 322,882 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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