JetBlue Airways Corporation (JBLU) Cut to Neutral at JP Morgan Chase & Co

Marco Green
November 20, 2017

It has outperformed by 0.72% the S&P500.

Nwi Management Lp decreased its stake in Jetblue Airways Corp (JBLU) by 12.24% based on its latest 2017Q2 regulatory filing with the SEC. Cadence Capital Management Llc bought 140,030 shares as the company's stock rose 5.82% with the market. World Asset Management Inc now owns 22,526 shares of the transportation company's stock valued at $514,000 after buying an additional 155 shares during the last quarter. Jetblue Airways now has $6.41B valuation.

The stock decreased 1.33% or $0.27 on November 17, reaching $19.99. It has outperformed by 2.05% the S&P500.

Investors sentiment decreased to 1.04 in Q2 2017. During the same period in the previous year, the business earned $0.58 earnings per share. equities research analysts predict that JetBlue Airways Corporation will post 1.75 EPS for the current fiscal year.

On Monday, October 2nd, Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock. 57 funds opened positions while 108 raised stakes. IFP Advisors Inc now owns 7,672 shares of the transportation company's stock worth $175,000 after purchasing an additional 2,117 shares during the last quarter. Thompson Siegel And Walmsley Limited Company, a Virginia-based fund reported 4.44M shares. Comerica State Bank accumulated 261,618 shares or 0.04% of the stock. Riverhead Llc holds 4,694 shares or 0.01% of its portfolio. Institute For Wealth Ltd Com accumulated 0.18% or 28,701 shares. Morgan Stanley maintained the shares of AEE in report on Friday, September 8 with "Equal-Weight" rating. The transportation company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. Quantum Cap invested in 518,286 shares. Capstone Investment Advsr Lc has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). 1832 Asset Mgmt LP holds 0.26% or 1.30M shares. Eqis Capital Mgmt reported 25,863 shares. Nationwide Fund Advsrs holds 0.08% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 896,389 shares. Bancorp Of Nova Scotia accumulated 328,642 shares. Metropolitan Life Insurance Co Ny stated it has 314,058 shares or 0.05% of all its holdings. Garrison Bradford & Associates holds 3.13% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 158,600 shares. Therefore 31% are positive. The firm has "Outperform" rating given on Wednesday, July 29 by Imperial Capital. Imperial Capital maintained it with "Outperform" rating and $31 target in Thursday, December 22 report. The company was downgraded on Wednesday, October 28 by Credit Suisse. Zacks Investment Research lowered JetBlue Airways Corporation from a "buy" rating to a "hold" rating in a research note on Monday, August 7th. JetBlue Airways now has a consensus rating of "Hold" and an average target price of $24.58. JetBlue Airways Corporation (NASDAQ:JBLU) has risen 18.75% since November 18, 2016 and is uptrending. Macquarie Research maintained it with "Neutral" rating and $35 target in Tuesday, October 20 report. BidaskClub lowered JetBlue Airways Corporation from a "buy" rating to a "hold" rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of JetBlue Airways Corporation from a hold rating to a sell rating in a research note on Tuesday, September 26th. Morgan Stanley maintained the stock with "Equal-Weight" rating in Monday, November 13 report. The rating was downgraded by JP Morgan to "Neutral" on Wednesday, November 1. Cowen and Company raised the price target of the stock on October 12 changing the price objective from $21.00 to $22.00 with a "Market Perform" recommendation. Q3 Income Drops 10%" with publication date: "October 24, 2017. As of the latest earnings report the EPS was $1.96 with 321.00M shares outstanding. It also increased its holding in Newell Rubbermd (NYSE:NWL) by 17,700 shares in the quarter, for a total of 29,800 shares, and has risen its stake in Kinder Morgan (NYSE:KMI).

Since June 1, 2017, it had 0 buys, and 5 selling transactions for $354,792 activity. 2,000 shares were sold by Hayes Robin, worth $45,080. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2017/11/19/bnp-paribas-arbitrage-sa-buys-37296-shares-of-jetblue-airways-corporation-jblu.html.

Since June 9, 2017, it had 0 insider buys, and 1 insider sale for $748,421 activity.

More important recent AerCap Holdings N.V. (NYSE:AER) news were published by: Businesswire.com which released: "AerCap Holdings NV Reports Financial Results for the Third Quarter 2017 and ..." on November 02, 2017, also Businesswire.com published article titled: "AerCap and EGYPTAIR Reach Agreement on the Lease of 6 Boeing 787-9 Aircraft", Businesswire.com published: "AerCap Holdings NV Announces Pricing of $800 Million Aggregate Principal ..." on November 16, 2017. More interesting news about Ituran Location and Control Ltd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 92% are positive. The stock has "Hold" rating by Cowen & Co on Thursday, September 7. The firm earned "Hold" rating on Tuesday, October 17 by Keefe Bruyette & Woods. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company's stock valued at $84,649,000 after buying an additional 961,535 shares during the last quarter. As per Thursday, August 11, the company rating was maintained by RBC Capital Markets. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $21.42 to $27.00 in a research note on Wednesday, January 25th. The company was initiated on Friday, November 18 by Citigroup. The rating was upgraded by Buckingham Research to "Buy" on Tuesday, August 25.

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