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

Several other analysts also recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of JetBlue Airways in a research report on Wednesday, June 17th. They issued a buy rating and a $18.00 price objective on the stock. Bank of America raised shares of JetBlue Airways from an underperform rating to a neutral rating in a research report on Monday, June 8th. Susquehanna Bancshares cut shares of JetBlue Airways from a positive rating to a neutral rating and set a $9.00 price target for the company. in a report on Tuesday, April 21st. BidaskClub cut shares of JetBlue Airways from a hold rating to a sell rating in a report on Tuesday, July 7th. Finally, Goldman Sachs Group lifted their target price on shares of JetBlue Airways from $12.00 to $17.00 and gave the company a buy rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. JetBlue Airways currently has a consensus rating of Hold and an average target price of $15.21.

Shares of JBLU opened at $10.34 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.61. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -10.77 and a beta of 1.39. The company’s 50 day simple moving average is $10.93 and its 200 day simple moving average is $12.68. JetBlue Airways has a 1 year low of $6.61 and a 1 year high of $21.65.

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

In related news, General Counsel Brandon Nelson sold 3,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $9.81, for a total transaction of $29,430.00. Following the transaction, the general counsel now owns 2,441 shares in the company, valued at approximately $23,946.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.93% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JBLU. Disciplined Growth Investors Inc. MN lifted its position in JetBlue Airways by 66.0% during 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 buying an additional 4,271,678 shares in the last quarter. Norges Bank acquired a new position in JetBlue Airways during the 4th quarter valued at about $44,347,000. Scout Investments Inc. lifted its position in JetBlue Airways by 202.3% during the 1st quarter. Scout Investments Inc. now owns 2,201,708 shares of the transportation company’s stock valued at $19,705,000 after purchasing an additional 1,473,335 shares during the period. U S Global Investors Inc. lifted its position in JetBlue Airways by 1,035.6% during the 1st quarter. U S Global Investors Inc. now owns 1,218,499 shares of the transportation company’s stock valued at $10,906,000 after purchasing an additional 1,111,196 shares during the period. Finally, Carillon Tower Advisers Inc. lifted its position in 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 valued at $14,393,000 after purchasing an additional 1,107,775 shares during the period. Institutional investors and hedge funds own 88.72% of the company’s stock.

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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