Todays Report: The Analysts gives Consensus Recommendation of “Buy” to JetBlue Airways Corp. (JBLU)

The Analysts gives Consensus Recommendation of “Buy” to JetBlue Airways Corp. (JBLU)

JetBlue Airways Corp. (NASDAQ:JBLU) has earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.21.

Several research firms recently commented on JBLU. Zacks Investment Research upgraded JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, October 4th. Vetr cut JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $19.72 target price for the company. in a research report on Monday, October 3rd. Credit Suisse Group AG set a $20.00 target price on JetBlue Airways Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th. Morgan Stanley restated a “hold” rating and set a $19.00 target price on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th.

JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.26 on Tuesday. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.00. The stock’s 50 day moving average price is $17.56 and its 200-day moving average price is $17.74. The company has a market capitalization of $5.59 billion, a P/E ratio of 7.65 and a beta of 0.36.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. JetBlue Airways Corp. had a net margin of 11.66% and a return on equity of 21.76%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Corp. will post $2.15 EPS for the current fiscal year.

In other JetBlue Airways Corp. news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total transaction of $93,542.40. Following the completion of the transaction, the director now owns 604,893 shares of the company’s stock, valued at approximately $11,051,395.11. The transaction 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 that occurred on Monday, October 10th. The shares were sold at an average price of $17.42, for a total value of $34,840.00. Following the transaction, the chief executive officer now directly owns 357,881 shares of the company’s stock, valued at approximately $6,234,287.02. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd acquired a new position in JetBlue Airways Corp. during the first quarter worth approximately $491,000. Nuveen Asset Management LLC raised its position in JetBlue Airways Corp. by 122.1% in the first quarter. Nuveen Asset Management LLC now owns 585,878 shares of the company’s stock worth $12,374,000 after buying an additional 322,058 shares during the last quarter. Renaissance Technologies LLC raised its position in JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock worth $117,058,000 after buying an additional 994,100 shares during the last quarter. Wellington Management Group LLP raised its position in JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock worth $105,758,000 after buying an additional 14,295 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in JetBlue Airways Corp. by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,548,480 shares of the company’s stock worth $53,823,000 after buying an additional 256,507 shares during the last quarter. 79.57% of the stock is owned by institutional investors and hedge funds.

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