Todays Report: The JetBlue Airways Corp. (JBLU) Raised to “Buy” at Vetr Inc.

The JetBlue Airways Corp. (JBLU) Raised to “Buy” at Vetr Inc.

Vetr upgraded shares of JetBlue Airways Corp. (NASDAQ:JBLU) from a hold rating to a buy rating in a research report sent to investors on Monday. Vetr currently has $18.40 price target on the stock.

JBLU has been the subject of several other research reports. Morgan Stanley restated a hold rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Tuesday, October 4th. Credit Suisse Group AG set a $20.00 price target on shares of JetBlue Airways Corp. and gave the company a hold rating in a report on Monday, September 12th. Imperial Capital assumed coverage on shares of JetBlue Airways Corp. in a report on Friday, September 16th. They issued an outperform rating and a $21.00 price target for the company. Finally, Raymond James Financial Inc. reiterated an outperform rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. JetBlue Airways Corp. presently has a consensus rating of Buy and a consensus target price of $23.37.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 18.22 on Monday. The company has a 50-day moving average of $17.02 and a 200 day moving average of $17.92. The stock has a market cap of $5.90 billion, a PE ratio of 8.09 and a beta of 0.36. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.00.

JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The business earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that JetBlue Airways Corp. will post $2.19 earnings per share for the current year.

In other news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $17.42, for a total transaction of $34,840.00. Following the completion of the transaction, the chief executive officer now owns 357,881 shares of the company’s stock, valued at approximately $6,234,287.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James G. Hnat sold 10,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its stake in shares of JetBlue Airways Corp. by 22.6% in the second quarter. Acrospire Investment Management LLC now owns 6,500 shares of the company’s stock worth $108,000 after buying an additional 1,200 shares during the last quarter. Exane Derivatives boosted its stake in shares of JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock worth $110,000 after buying an additional 4,200 shares during the last quarter. Cribstone Capital Management LLC purchased a new stake in shares of JetBlue Airways Corp. during the second quarter worth about $115,000. Nisa Investment Advisors LLC boosted its stake in shares of JetBlue Airways Corp. by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $138,000 after buying an additional 4,500 shares during the last quarter. Finally, Advisor Group Inc. purchased a new stake in shares of JetBlue Airways Corp. during the second quarter worth about $163,000. 79.64% of the stock is owned by institutional investors.

JetBlue Airways Corp. 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.

Related posts

Leave a Comment