JetBlue Airways (NASDAQ:JBLU) Receives "Equal Weight" Rating from Morgan Stanley

JetBlue Airways (NASDAQ:JBLU - Get Free Report)'s stock had its "equal weight" rating reiterated by equities researchers at Morgan Stanley in a research note issued on Wednesday, Marketbeat reports. They presently have a $8.00 price objective on the transportation company's stock. Morgan Stanley's target price suggests a potential upside of 6.24% from the company's previous close.

JBLU has been the topic of several other research reports. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. StockNews.com raised JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. TD Cowen upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. The Goldman Sachs Group reiterated a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Finally, Susquehanna boosted their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, JetBlue Airways currently has an average rating of "Hold" and a consensus target price of $6.57.

JetBlue Airways Stock Performance

Shares of JBLU traded up $0.75 during mid-day trading on Wednesday, hitting $7.53. 29,226,445 shares of the company's stock were exchanged, compared to its average volume of 16,050,472. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.07. The business's 50 day moving average is $6.56 and its two-hundred day moving average is $5.96. The firm has a market capitalization of $2.61 billion, a P/E ratio of -2.99 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm posted ($0.39) EPS. JetBlue Airways's quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts expect that JetBlue Airways will post -0.92 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of JetBlue Airways by 9.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 52,628 shares of the transportation company's stock worth $321,000 after purchasing an additional 4,355 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in JetBlue Airways in the 2nd quarter valued at $63,000. Rockland Trust Co. purchased a new position in shares of JetBlue Airways during the 2nd quarter worth $64,000. Louisiana State Employees Retirement System boosted its holdings in shares of JetBlue Airways by 3.6% during the second quarter. Louisiana State Employees Retirement System now owns 171,100 shares of the transportation company's stock worth $1,042,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of JetBlue Airways in the second quarter valued at $130,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.