BidaskClub cut shares of JetBlue Airways (NASDAQ:JBLU) from a hold rating to a sell rating in a research note published on Friday morning.

A number of other brokerages also recently commented on JBLU. ValuEngine raised JetBlue Airways from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Cowen reaffirmed a market perform rating and set a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Stifel Nicolaus reaffirmed a hold rating and set a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Bank of America downgraded JetBlue Airways from a buy rating to an underperform rating and set a $22.00 price target for the company. in a research report on Tuesday, January 9th. Finally, Stephens assumed coverage on JetBlue Airways in a research report on Wednesday, November 29th. They set an equal weight rating and a $22.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. JetBlue Airways has an average rating of Hold and a consensus price target of $24.09.

Shares of JetBlue Airways (JBLU) traded up $0.09 during trading on Friday, hitting $22.57. The stock had a trading volume of 3,150,000 shares, compared to its average volume of 4,490,000. The stock has a market capitalization of $7,270.00, a P/E ratio of 11.52 and a beta of 0.68. JetBlue Airways has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways had a return on equity of 17.47% and a net margin of 9.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. equities analysts expect that JetBlue Airways will post 1.77 EPS for the current fiscal year.

JetBlue Airways announced that its board has initiated a share buyback program on Wednesday, December 13th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other JetBlue Airways news, EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the completion of the sale, the chief executive officer now directly owns 396,535 shares of the company’s stock, valued at $8,910,141.45. The disclosure for this sale can be found here. Insiders sold 19,665 shares of company stock valued at $412,388 over the last three months. Company insiders own 0.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in JBLU. Cetera Advisors LLC purchased a new stake in JetBlue Airways in the third quarter worth $199,000. Rational Advisors LLC purchased a new stake in JetBlue Airways in the third quarter worth $217,000. DekaBank Deutsche Girozentrale increased its position in JetBlue Airways by 82.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after buying an additional 4,801 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in JetBlue Airways in the second quarter worth $237,000. Finally, Clinton Group Inc. purchased a new stake in JetBlue Airways in the second quarter worth $256,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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About JetBlue Airways

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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