JetBlue Airways (NASDAQ:JBLU) had its price target lifted by Morgan Stanley to $20.25 in a research report report published on Tuesday morning. The brokerage currently has an outperform rating on the transportation company’s stock.
Several other equities research analysts also recently weighed in on JBLU. BidaskClub raised JetBlue Airways from a strong sell rating to a sell rating in a research report on Tuesday. Imperial Capital decreased their target price on JetBlue Airways from $26.00 to $24.00 and set an outperform rating for the company in a research report on Wednesday, October 24th. JPMorgan Chase & Co. raised JetBlue Airways from a neutral rating to an overweight rating and set a $20.00 target price for the company in a research report on Tuesday. ValuEngine downgraded JetBlue Airways from a sell rating to a strong sell rating in a research report on Tuesday, July 10th. Finally, TheStreet downgraded JetBlue Airways from a b- rating to a c+ rating in a research report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $20.66.
Shares of NASDAQ JBLU opened at $17.08 on Tuesday. JetBlue Airways has a 1-year low of $15.76 and a 1-year high of $23.08. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.96 billion, a PE ratio of 9.99, a P/E/G ratio of 1.48 and a beta of 0.49.
In related news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the completion of the transaction, the executive vice president now owns 3,437 shares of the company’s stock, valued at $66,334.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $38,240.00. Following the completion of the transaction, the chief executive officer now directly owns 436,803 shares of the company’s stock, valued at approximately $8,351,673.36. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp acquired a new stake in JetBlue Airways during the first quarter valued at approximately $340,000. Legal & General Group Plc raised its stake in JetBlue Airways by 10.0% during the first quarter. Legal & General Group Plc now owns 314,183 shares of the transportation company’s stock valued at $6,385,000 after buying an additional 28,551 shares in the last quarter. Principal Financial Group Inc. raised its stake in JetBlue Airways by 2.9% during the first quarter. Principal Financial Group Inc. now owns 1,396,759 shares of the transportation company’s stock valued at $28,382,000 after buying an additional 39,895 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in JetBlue Airways during the first quarter valued at approximately $894,000. Finally, Cerebellum GP LLC raised its stake in JetBlue Airways by 75.3% during the second quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock valued at $180,000 after buying an additional 4,081 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
About JetBlue Airways
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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