Economy

New Equal-Weight Rating Was Given to JetBlue Airways (NASDAQ:JBLU)

New Equal-Weight Rating Was Given to JetBlue Airways (NASDAQ:JBLU)

The stock stands almost $3.13 off versus the 52-week high of $24.13 and $2.95 above the 52-week low of $18.05. The stock presently has a consensus rating of "Hold" and an average target price of $25.02. Finally, Deutsche Bank lifted their target price on JetBlue Airways from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, October 25th. JP Morgan downgraded the shares of JBLU in report on Tuesday, October 13 to "Neutral" rating. The firm has "Hold" rating by Cowen & Co given on Thursday, October 12. The rating was upgraded by Cowen & Co on Wednesday, April 27 to "Outperform". The stock has "Equal-Weight" rating by Morgan Stanley on Thursday, August 17.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

Volt Info Sciences Incorporated Common (NYSEAMERICAN:VISI) had an increase of 98.89% in short interest. Also, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock in a transaction dated Wednesday, November 1st. Its up 98.89% from 180,000 shares previously. With 500 avg volume, 11 days are for AVANCE GAS (OTCMKTS:AVACF)'s short sellers to cover AVACF's short positions. The stock decreased 1.12% or $0.0426 during the last trading session, reaching $3.7574. About 2.84M shares traded. Volt Information Sciences, Inc. (OTCMKTS:BKFG) has 0.00% since December 1, 2016 and is. It has underperformed by 18.09% the S&P500. The Company provides air transportation services across the United States, the Caribbean and Latin America.

Investors sentiment decreased to 0.61 in 2017 Q2.

In related news, EVP George Martin J. St sold 2,500 shares of the business's stock in a transaction on Thursday, September 7th. 2 funds opened positions while 9 raised stakes. Pacad owns 9,900 shares for 0.03% of their portfolio. Retirement Systems Of Alabama holds 0.09% or 748,820 shares in its portfolio.

Bank Of New York Mellon Corp increased Net 1 Ueps Technologies Inc (NASDAQ:UEPS) stake by 64,767 shares to 332,807 valued at $3.28 million in 2017Q2. LLC now owns 3,600,572 shares of the transportation company's stock worth $66,719,000 after acquiring an additional 1,468,416 shares during the last quarter. Moreover, Cannell Cap Ltd Liability Corp has 1% invested in Volt Information Sciences, Inc. 4,800 were accumulated by Washington Tru Bancorporation.

Hartford Investment Management Co decreased Dr Pepper Snapple Group I (DPS) stake by 4.49% reported in 2017Q2 SEC filing. (NYSEAMERICAN:VISI). Retail Bank Of America Corporation De has invested 0% in Volt Information Sciences, Inc. Jackson Wealth Management Ltd Liability Corp, a Florida-based fund reported 80,779 shares. Morgan Stanley owns 16,985 shares. Gateway Invest Advisers Limited reported 240,739 shares.

More news: Bohemian Rhapsody production halted due to Bryan Singer's 'unexpected unavailability'

JetBlue Airways Corporation is a passenger carrier company. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.81 billion. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It has a 22.17 P/E ratio. It also served 100 destinations in 29 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

In the last three months, insiders sold 48,367 shares of company stock valued at $1,023,906. HNAT JAMES G had sold 5,000 shares worth $113,860 on Monday, June 12. Raymond James downgraded JetBlue Airways Corporation (NASDAQ:JBLU) on Wednesday, December 21 to "Mkt Perform" rating. 2,500 shares valued at $57,500 were sold by St George Martin J on Thursday, June 8. Whereas, in last 21 trading days (one month) was surged 3.82% and moved up in last 63 trading days (quarter) of 2.08%. About 6.56M shares traded. Jetblue Airways Corporation now has $6.79B valuation. It has outperformed by 2.05% the S&P500. Imperial Capital reissued a "buy" rating and issued a $31.00 price objective on shares of JetBlue Airways Corporation in a report on Tuesday, October 17th. DPS's profit will be $213.04 million for 19.11 P/E if the $1.18 EPS becomes a reality.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on January, 25.

A statistical measure of the dispersion of returns (volatility) for JBLU producing salvation in Investors mouth, it has week volatility of 1.85% and for the month booked as 2.06%. The company P/S (price to Sales) ratio is 0.98, P/B (price to Book) ratio is 1.65, while its P/C (price to Cash) ratio stands at 8.28.

JetBlue Airways Corporation (JBLU) closed its previous trading session at $21.47 with the gain of 2.43%. Wealthtrust owns 210 shares. Keybank Association Oh reported 9,200 shares. Olstein Cap Mngmt Lp invested 0.97% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). 270,774 were reported by Cornerstone Mgmt Holdg. Rothschild Asset Management holds 0.01% or 51,053 shares. Dimensional Fund Advisors Ltd Partnership accumulated 0.12% or 11.04 million shares.

Liberty Mutual Group Incorporated Asset Management has invested 0.12% in JetBlue Airways Corporation (NASDAQ:JBLU). The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. Chicago Equity Prtn Limited Com has invested 0.02% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). State Treasurer State Of Michigan stated it has 137,523 shares. 460,619 are held by Credit Agricole S A. Holland Cap Mngmt Llc has 487 shares.

According to JetBlue Airways Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 90.53%.


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