JetBlue Airways (NASDAQ:JBLU): Morgan Stanley Reaffirms Equal-Weight Rating Today, Has a Target of $24/Share

July 17, 2017 - By Marie Mckinney

 JetBlue Airways (NASDAQ:JBLU): Morgan Stanley Reaffirms Equal Weight Rating Today, Has a Target of $24/Share

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.19, from 1.03 in 2016Q3. It worsened, as 38 investors sold JetBlue Airways Corporation shares while 142 reduced holdings. 62 funds opened positions while 90 raised stakes. 268.15 million shares or 3.53% more from 259.00 million shares in 2016Q3 were reported.

Amer Century Companies owns 2.84M shares or 0.07% of their US portfolio. Advisors Asset Mgmt Inc invested 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Tide Point Cap Ltd Partnership accumulated 2.70M shares. Hightower Advsrs Ltd has 11,025 shares. Financial Architects holds 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 2,000 shares. Lsv Asset has 0.14% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Perkins Capital Mgmt holds 0.47% or 19,250 shares. Burney holds 0.16% or 105,140 shares. Vantage Investment Advisors Limited Liability has invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Point72 Asset Management L P accumulated 2.61 million shares or 0.41% of the stock. Highland Capital Ltd Com owns 290,050 shares or 0.55% of their US portfolio. Advent Mgmt De has 0.01% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Texas Permanent School Fund invested 0.07% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Credit Suisse Ag stated it has 1.23 million shares. Moreover, Focused Wealth Management Incorporated has 0.08% invested in JetBlue Airways Corporation (NASDAQ:JBLU).

Since February 1, 2017, it had 0 buys, and 16 insider sales for $1.52 million activity. Another trade for 15,000 shares valued at $325,014 was made by HNAT JAMES G on Thursday, May 11. PETERSON JOEL CLINTON also sold $149,597 worth of JetBlue Airways Corporation (NASDAQ:JBLU) on Friday, May 5. 2,500 shares valued at $57,500 were sold by St George Martin J on Thursday, June 8.

JetBlue Airways (NASDAQ:JBLU) Rating Reaffirmed

JetBlue Airways (NASDAQ:JBLU) just had their share rating of a ‘Equal-Weight’ issued by research analysts at Morgan Stanley, who now has a $24 target price on the $7.75 billion market cap company or a 2.00 % upside potential. This key information was revealed to investors in an analyst report on 17 July.

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.19, from 1.03 in 2016Q3. It worsened, as 38 investors sold JetBlue Airways Corporation shares while 142 reduced holdings. 62 funds opened positions while 90 raised stakes. 268.15 million shares or 3.53% more from 259.00 million shares in 2016Q3 were reported.

Amer Century Companies owns 2.84M shares or 0.07% of their US portfolio. Advisors Asset Mgmt Inc invested 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Tide Point Cap Ltd Partnership accumulated 2.70M shares. Hightower Advsrs Ltd has 11,025 shares. Financial Architects holds 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 2,000 shares. Lsv Asset has 0.14% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Perkins Capital Mgmt holds 0.47% or 19,250 shares. Burney holds 0.16% or 105,140 shares. Vantage Investment Advisors Limited Liability has invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Point72 Asset Management L P accumulated 2.61 million shares or 0.41% of the stock. Highland Capital Ltd Com owns 290,050 shares or 0.55% of their US portfolio. Advent Mgmt De has 0.01% invested in JetBlue Airways Corporation (NASDAQ:JBLU). Texas Permanent School Fund invested 0.07% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Credit Suisse Ag stated it has 1.23 million shares. Moreover, Focused Wealth Management Incorporated has 0.08% invested in JetBlue Airways Corporation (NASDAQ:JBLU).

Since February 1, 2017, it had 0 buys, and 16 insider sales for $1.52 million activity. Another trade for 15,000 shares valued at $325,014 was made by HNAT JAMES G on Thursday, May 11. PETERSON JOEL CLINTON also sold $149,597 worth of JetBlue Airways Corporation (NASDAQ:JBLU) on Friday, May 5. 2,500 shares valued at $57,500 were sold by St George Martin J on Thursday, June 8.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Among 10 analysts covering Jetblue Airways (NASDAQ:JBLU), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Jetblue Airways has $43 highest and $21 lowest target. $28.88’s average target is 22.74% above currents $23.53 stock price. Jetblue Airways had 24 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, January 4 the stock rating was downgraded by Cowen & Co to “Market Perform”. On Wednesday, December 21 the stock rating was downgraded by Raymond James to “Mkt Perform”. The rating was maintained by Imperial Capital with “Outperform” on Monday, January 30. The firm earned “Outperform” rating on Tuesday, November 22 by Imperial Capital. The rating was upgraded by Cowen & Co to “Outperform” on Wednesday, April 27. The stock has “Outperform” rating by Imperial Capital on Friday, September 16. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Hold” rating by Evercore on Friday, September 4. On Thursday, May 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Outperform” rating by Imperial Capital given on Friday, October 28. The stock has “Neutral” rating by JP Morgan on Tuesday, October 13.

About 2.62 million shares traded. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 18.75% since July 17, 2016 and is uptrending. It has outperformed by 2.05% the S&P500.

Analysts expect JetBlue Airways Corporation (NASDAQ:JBLU) to report $0.50 EPS on July, 25.They anticipate $0.03 EPS change or 5.66 % from last quarter’s $0.53 EPS. JBLU’s profit would be $164.47 million giving it 11.78 P/E if the $0.50 EPS is correct. After having $0.25 EPS previously, JetBlue Airways Corporation’s analysts see 100.00 % EPS growth.

JetBlue Airways Corporation is a passenger carrier company. The company has market cap of $7.75 billion. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It has a 12.45 P/E ratio. The Company’s divisions include Domestic, and Caribbean & Latin America.

More recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Investorplace.com which released: “Trade of the Day: JetBlue Airways Corporation (JBLU)” on July 17, 2017. Also Zacks.com published the news titled: “How JetBlue Airways (JBLU) Stock Stands Out in a Strong Industry June 22, 2017” on June 22, 2017. Streetinsider.com‘s news article titled: “Form 8-K JETBLUE AIRWAYS CORP For: Jul 13” with publication date: July 13, 2017 was also an interesting one.

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