JetBlue Airways (NASDAQ:JBLU) Price Target Increased to $12.00 by Analysts at Stifel Nicolaus

JetBlue Airways (NASDAQ:JBLU) had its target price boosted by Stifel Nicolaus from $11.00 to $12.00 in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the transportation company’s stock.

Several other brokerages also recently weighed in on JBLU. UBS Group cut their price target on JetBlue Airways from $12.00 to $9.00 and set a neutral rating on the stock in a research report on Friday, May 8th. Goldman Sachs Group raised their target price on JetBlue Airways from $12.00 to $17.00 and gave the company a buy rating in a research report on Monday, June 29th. BidaskClub cut JetBlue Airways from a hold rating to a sell rating in a research report on Tuesday, July 7th. Susquehanna Bancshares cut JetBlue Airways from a positive rating to a neutral rating and set a $9.00 target price on the stock. in a research report on Tuesday, April 21st. Finally, ValuEngine upgraded JetBlue Airways from a hold rating to a buy rating in a research report on Monday, June 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $15.21.

NASDAQ JBLU opened at $10.34 on Wednesday. The stock’s fifty day moving average price is $10.93 and its 200 day moving average price is $12.68. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -10.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.61 and a quick ratio of 0.58. JetBlue Airways has a 1 year low of $6.61 and a 1 year high of $21.65.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($2.02) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($0.16). The company had revenue of $215.00 million for the quarter, compared to analyst estimates of $208.51 million. JetBlue Airways had a negative return on equity of 7.02% and a negative net margin of 4.05%. JetBlue Airways’s revenue for the quarter was down 89.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Research analysts expect that JetBlue Airways will post -5.05 earnings per share for the current year.

In related news, General Counsel Brandon Nelson sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $9.81, for a total value of $29,430.00. Following the transaction, the general counsel now directly owns 2,441 shares of the company’s stock, valued at approximately $23,946.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.93% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. Disciplined Growth Investors Inc. MN lifted its stake in JetBlue Airways by 66.0% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 10,743,505 shares of the transportation company’s stock worth $96,154,000 after purchasing an additional 4,271,678 shares in the last quarter. Norges Bank purchased a new position in JetBlue Airways in the 4th quarter worth approximately $44,347,000. Scout Investments Inc. lifted its stake in JetBlue Airways by 202.3% in the 1st quarter. Scout Investments Inc. now owns 2,201,708 shares of the transportation company’s stock worth $19,705,000 after purchasing an additional 1,473,335 shares in the last quarter. U S Global Investors Inc. lifted its stake in JetBlue Airways by 1,035.6% in the 1st quarter. U S Global Investors Inc. now owns 1,218,499 shares of the transportation company’s stock worth $10,906,000 after purchasing an additional 1,111,196 shares in the last quarter. Finally, Carillon Tower Advisers Inc. increased its holdings in shares of JetBlue Airways by 221.4% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,608,100 shares of the transportation company’s stock worth $14,393,000 after buying an additional 1,107,775 shares during the last quarter. 88.72% of the stock is currently owned by institutional investors and hedge funds.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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