JetBlue Airways Co. (NASDAQ:JBLU) has been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.67.

JBLU has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of JetBlue Airways in a research report on Wednesday, August 1st. Barclays cut their price objective on JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Cowen cut their price objective on JetBlue Airways from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Wednesday, July 25th. BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Morgan Stanley set a $20.00 price objective on JetBlue Airways and gave the company a “hold” rating in a research report on Friday, October 5th.

In other news, CEO Robin Hayes sold 2,000 shares of the company’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 transaction, the chief executive officer now directly owns 438,803 shares of the company’s stock, valued at $7,885,289.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total transaction of $115,800.00. Following the completion of the transaction, the executive vice president now directly owns 3,437 shares in the company, valued at $66,334.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,000 shares of company stock worth $189,980. Company insiders own 0.63% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Capital Group LLC increased its stake in shares of JetBlue Airways by 178.8% in the first quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock worth $117,000 after acquiring an additional 3,707 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of JetBlue Airways in the second quarter worth $147,000. Cerebellum GP LLC increased its stake in shares of JetBlue Airways by 75.3% in the second quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock worth $180,000 after acquiring an additional 4,081 shares during the last quarter. Lincoln National Corp acquired a new position in shares of JetBlue Airways in the second quarter worth $190,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of JetBlue Airways by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock worth $277,000 after acquiring an additional 5,146 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

JBLU traded up $0.18 during trading on Wednesday, reaching $16.54. The stock had a trading volume of 226,141 shares, compared to its average volume of 4,890,528. JetBlue Airways has a 1-year low of $16.03 and a 1-year high of $23.08. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.56.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 24th. The transportation company reported $0.38 EPS for the quarter, beating 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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts expect that JetBlue Airways will post 1.48 EPS for the current fiscal year.

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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