Bank of America Reiterates "Underperform" Rating for JetBlue Airways (NASDAQ:JBLU)

Bank of America reissued their underperform rating on shares of JetBlue Airways (NASDAQ:JBLU - Free Report) in a research note released on Friday morning, Marketbeat.com reports. They currently have a $6.50 target price on the transportation company's stock.

Other equities analysts have also recently issued reports about the company. UBS Group reiterated a "sell" rating and set a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Citigroup increased their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Finally, Susquehanna boosted their target price on JetBlue Airways from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways has a consensus rating of "Hold" and a consensus target price of $6.69.

JetBlue Airways Trading Up 0.4 %

JBLU stock traded up $0.03 during trading on Friday, reaching $7.64. 14,505,389 shares of the stock were exchanged, compared to its average volume of 16,195,507. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -3.03 and a beta of 1.84. The business has a 50 day moving average price of $7.04 and a 200-day moving average price of $6.34. JetBlue Airways has a 1 year low of $4.49 and a 1 year high of $8.28.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned ($0.39) EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts predict that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Trading of JetBlue Airways

A number of large investors have recently modified their holdings of the stock. Bogart Wealth LLC grew its stake in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of JetBlue Airways during the second quarter worth about $34,000. Point72 DIFC Ltd purchased a new stake in shares of JetBlue Airways during the second quarter worth approximately $48,000. Finally, Glenmede Trust Co. NA acquired a new stake in JetBlue Airways in the third quarter valued at approximately $66,000. Hedge funds and other institutional investors 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.