JetBlue Airways Corporation (NASDAQ:JBLU) had its price target raised by stock analysts at Cowen and Company from $24.00 to $25.00 in a research note issued on Tuesday. The firm presently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s price target indicates a potential upside of 9.84% from the stock’s current price.
Several other brokerages have also recently weighed in on JBLU. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub cut shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Bank of America Corporation increased their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. JetBlue Airways Corporation currently has an average rating of “Hold” and an average price target of $25.84.
JetBlue Airways Corporation (NASDAQ JBLU) traded down 0.13% during trading on Tuesday, hitting $22.73. 7,168,435 shares of the stock traded hands. The company has a 50-day moving average price of $22.97 and a 200-day moving average price of $21.39. The stock has a market cap of $7.58 billion, a PE ratio of 12.17 and a beta of 0.54. JetBlue Airways Corporation has a 12 month low of $15.70 and a 12 month high of $24.13. JetBlue Airways Corporation also saw some unusual options trading activity on Monday. Investors purchased 9,074 call options on the company. This is an increase of approximately 487% compared to the typical volume of 1,546 call options.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.61% and a return on equity of 16.42%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that JetBlue Airways Corporation will post $1.98 EPS for the current year.
TRADEMARK VIOLATION WARNING: This story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/07/25/cowen-and-company-raises-jetblue-airways-corporation-nasdaqjblu-price-target-to-25-00.html.
In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $21.37, for a total value of $149,590.00. Following the completion of the transaction, the director now directly owns 577,422 shares in the company, valued at approximately $12,339,508.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $21.76, for a total transaction of $43,520.00. The disclosure for this sale can be found here. Insiders sold a total of 45,740 shares of company stock valued at $1,009,482 over the last 90 days. Company insiders own 0.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Advisors LLC raised its position in shares of JetBlue Airways Corporation by 86.1% in the second quarter. Boston Advisors LLC now owns 31,396 shares of the transportation company’s stock valued at $717,000 after buying an additional 14,525 shares during the period. ING Groep NV bought a new position in shares of JetBlue Airways Corporation during the second quarter valued at approximately $927,000. Wellington Shields Capital Management LLC raised its position in shares of JetBlue Airways Corporation by 34.5% in the second quarter. Wellington Shields Capital Management LLC now owns 26,220 shares of the transportation company’s stock valued at $599,000 after buying an additional 6,720 shares during the period. Acadian Asset Management LLC raised its position in shares of JetBlue Airways Corporation by 40.8% in the second quarter. Acadian Asset Management LLC now owns 188,644 shares of the transportation company’s stock valued at $4,307,000 after buying an additional 54,690 shares during the period. Finally, Capital Management Associates NY bought a new position in shares of JetBlue Airways Corporation during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 84.16% of the company’s stock.
JetBlue Airways Corporation Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
Receive News & Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
