JetBlue Airways Corporation (NASDAQ:JBLU) PT Raised to $25.00

JetBlue Airways Corporation (NASDAQ:JBLU) had its target price raised by equities research analysts at Cowen and Company from $24.00 to $25.00 in a research report issued to clients and investors on Tuesday, July 25th, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s price objective would suggest a potential upside of 17.26% from the stock’s current price.

A number of other research analysts have also commented on the company. Bank of America Corporation upped their price target on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. BidaskClub cut JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Morgan Stanley boosted their price objective on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, July 17th. Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective on the stock in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.69.

JetBlue Airways Corporation (JBLU) traded down 0.65% during mid-day trading on Tuesday, hitting $21.32. 3,428,650 shares of the stock were exchanged. The company has a 50-day moving average price of $22.65 and a 200-day moving average price of $21.42. JetBlue Airways Corporation has a one year low of $15.70 and a one year high of $24.13. The company has a market cap of $7.01 billion, a P/E ratio of 10.82 and a beta of 0.53.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “JetBlue Airways Corporation (NASDAQ:JBLU) PT Raised to $25.00” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/12/cowen-and-company-raises-jetblue-airways-corporation-nasdaqjblu-price-target-to-25-00-updated-updated.html.

In other news, EVP James G. Hnat sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the sale, the executive vice president now owns 31,764 shares in the company, valued at $723,266.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.00, for a total value of $57,500.00. Following the sale, the executive vice president now owns 28,457 shares in the company, valued at approximately $654,511. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock worth $646,976 over the last quarter. Company insiders own 0.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in JBLU. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of JetBlue Airways Corporation by 5.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 329,800 shares of the transportation company’s stock valued at $6,797,000 after buying an additional 17,140 shares during the last quarter. Palisade Capital Management LLC NJ boosted its stake in shares of JetBlue Airways Corporation by 15.7% in the first quarter. Palisade Capital Management LLC NJ now owns 29,500 shares of the transportation company’s stock valued at $608,000 after buying an additional 4,000 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of JetBlue Airways Corporation by 15.2% in the first quarter. Gateway Investment Advisers LLC now owns 252,703 shares of the transportation company’s stock valued at $5,208,000 after buying an additional 33,274 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock valued at $1,754,000 after buying an additional 5,100 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of JetBlue Airways Corporation during the first quarter valued at approximately $141,000. Institutional investors own 84.76% 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.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

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.

Latest News

Leave a Reply