JetBlue Airways Corporation (JBLU) Price Target Cut to $29.00

JetBlue Airways Corporation (JBLU) Price Target Cut to $29.00

JetBlue Airways Corporation (NASDAQ:JBLU) had its target price decreased by stock analysts at Imperial Capital to $29.00 in a note issued to investors on Friday. Imperial Capital’s target price would indicate a potential upside of 37.44% from the company’s current price.

Other research analysts have also issued research reports about the company. Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $19.72 price objective for the company. in a research report on Monday, October 3rd. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Barclays PLC began coverage on JetBlue Airways Corporation in a research report on Thursday, December 15th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Cowen and Company lowered JetBlue Airways Corporation from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.62.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded down 4.31% during mid-day trading on Friday, hitting $20.19. The company’s stock had a trading volume of 8,129,419 shares. The stock’s 50 day moving average price is $22.06 and its 200 day moving average price is $18.88. JetBlue Airways Corporation has a 52-week low of $14.76 and a 52-week high of $23.67. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 8.96 and a beta of 0.34.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Thursday, January 26th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. JetBlue Airways Corporation had a return on equity of 21.13% and a net margin of 11.66%. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that JetBlue Airways Corporation will post $2.18 EPS for the current year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.37, for a total value of $88,934.40. Following the transaction, the director now directly owns 589,533 shares of the company’s stock, valued at approximately $10,240,188.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $22.66, for a total value of $45,320.00. Following the completion of the transaction, the chief executive officer now directly owns 351,881 shares in the company, valued at $7,973,623.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,240 shares of company stock worth $450,376. 0.70% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of JBLU. Public Employees Retirement Association of Colorado boosted its stake in JetBlue Airways Corporation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,382 shares of the company’s stock worth $179,000 after buying an additional 42 shares in the last quarter. MSI Financial Services Inc boosted its stake in JetBlue Airways Corporation by 0.6% in the third quarter. MSI Financial Services Inc now owns 15,750 shares of the company’s stock worth $272,000 after buying an additional 88 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in JetBlue Airways Corporation by 0.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 30,400 shares of the company’s stock worth $503,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in JetBlue Airways Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock worth $921,000 after buying an additional 222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in JetBlue Airways Corporation by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 95,163 shares of the company’s stock worth $1,641,000 after buying an additional 256 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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