Shares of JetBlue (NASDAQ:JBLU) have earned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.12.
Several equities analysts have weighed in on the stock. Stephens reiterated a “hold” rating and set a $24.00 price objective on shares of JetBlue in a research report on Thursday, March 29th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price target (up from $20.00) on shares of JetBlue in a report on Wednesday, January 10th. Cowen restated a “market perform” rating and set a $23.00 price target (down from $24.00) on shares of JetBlue in a report on Friday, January 26th. BidaskClub upgraded shares of JetBlue from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Finally, Morgan Stanley lowered their price target on shares of JetBlue from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, April 12th.
NASDAQ JBLU traded down $0.36 on Wednesday, hitting $19.17. 6,806,125 shares of the stock were exchanged, compared to its average volume of 4,984,171. JetBlue has a 52-week low of $18.05 and a 52-week high of $24.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 0.50. The stock has a market cap of $6,322.79, a price-to-earnings ratio of 11.21, a PEG ratio of 0.57 and a beta of 0.55.
In related news, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $19.60, for a total value of $58,800.00. Following the completion of the sale, the executive vice president now directly owns 34,474 shares in the company, valued at $675,690.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.87, for a total transaction of $41,740.00. The disclosure for this sale can be found here. Insiders sold 17,000 shares of company stock valued at $355,220 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. LSV Asset Management boosted its holdings in JetBlue by 26.8% in the fourth quarter. LSV Asset Management now owns 5,431,735 shares of the transportation company’s stock worth $121,344,000 after purchasing an additional 1,146,890 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in JetBlue by 47.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 1,692,657 shares in the last quarter. Bank of New York Mellon Corp lifted its position in JetBlue by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,634,230 shares of the transportation company’s stock worth $81,189,000 after acquiring an additional 200,237 shares during the last quarter. NWI Management LP lifted its position in JetBlue by 1.5% during the 4th quarter. NWI Management LP now owns 2,790,000 shares of the transportation company’s stock worth $62,329,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new position in JetBlue during the 4th quarter worth $61,469,000. Hedge funds and other institutional investors own 92.23% of the company’s stock.
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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