Economy

JetBlue Airways Corporation (JBLU) Receives "Hold" Rating from Cowen and Company

BidaskClub downgraded shares of JetBlue Airways Corporation from a "buy" rating to a "hold" rating in a report on Friday, July 28th. The Clover Partners Lp holds 351,920 shares with $5.42M value, up from 286,920 last quarter. Presently, JetBlue Airways Corp (JBLU)'s Williams Percent Range or 14 day Williams %R is resting at -51.98.

Other analysts also recently issued reports about the stock. $45,080 worth of JetBlue Airways Corporation (NASDAQ:JBLU) shares were sold by Hayes Robin. Also, EVP James G. Hnat sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, August 2nd.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Thursday, January 26th. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company's stock worth $222,704,000 after acquiring an additional 2,632,973 shares in the last quarter. Automobile Association invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Macquarie Group Ltd. boosted its stake in shares of JetBlue Airways Corporation by 2,465.3% during the 1st quarter.

Among 14 analysts covering Lumentum (NASDAQ:LITE), 6 have Buy rating, 3 Sell and 5 Hold.

JetBlue Airways Corporation is a passenger carrier company. The consensus rating is 2.6, suggesting the market has given up on the stock.

JetBlue Airways Corporation (NASDAQ:JBLU) has seen its stock price gain 3.72, or -16.59%, so far in 2017. The stock is trading $21.62 its 50-day moving average by 2.92%. JetBlue Airways Corporation has an average rating of "Hold" and an average price target of $25.32. The recent change has given its price a -13.84% deficit over SMA 50 and -22.5% deficit over its 52-week high.

Investors sold shares of JetBlue Airways Corporation (NASDAQ:JBLU) on strength during trading on Monday after an insider sold shares in the company. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for F and estimated EPS for next quarter is $ 0.31. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Lpl Fincl Ltd stated it has 0% in JetBlue Airways Corporation (NASDAQ:JBLU). During the same period in the previous year, the firm posted $0.53 EPS.

Several equities research analysts have recently weighed in on the company. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has "Overweight" rating given on Thursday, December 15 by Barclays Capital. Also, the Hold rating count is 7 as of 09/08/17.

July 17 investment analysts at Morgan Stanley held the stock rating at "Equal-Weight" and raised the price target from $23.00 to $24.00. PETERSON JOEL CLINTON sold $111,210 worth of stock or 5,120 shares. 01, 2017, the shares were put up for sale at an average price of $19.87, raking in a sum of $101,734. National Asset Management Inc. now owns 20,120 shares of the transportation company's stock worth $460,000 after purchasing an additional 1,771 shares during the period. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

In the transaction dated August 02, 2017, the great number of shares disposed came courtesy the EVP & General Counsel; Hnat James G disposed a total of 6,000 shares at an average price of $21.98, amounting to approximately $131,880. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

Since the beginning of the calendar year, the stock is -16.59%. The disclosure for this sale can be found here.

Traders are feeling more bearish on shares of the company lately if you consider the motion in short interest. Gateway Invest Advisers Ltd Liability Company holds 0.05% or 219,429 shares in its portfolio. If you are viewing this article on another domain, it was illegally copied and republished in violation of USA and worldwide trademark and copyright law. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. Exane Derivatives boosted its position in JetBlue Airways Corporation by 21.1% in the third quarter. Buckingham Mgmt Inc reported 0.78% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). The Firm provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. The Company operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.



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