Seaport Res Ptn cut shares of JetBlue Airways (NASDAQ:JBLU - Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.
A number of other analysts also recently issued reports on JBLU. Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. StockNews.com raised shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. 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. UBS Group dropped their target price on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a research report on Wednesday. Finally, 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.69.
Check Out Our Latest Analysis on JetBlue Airways
JetBlue Airways Price Performance
Shares of NASDAQ:JBLU traded up $0.26 on Tuesday, reaching $6.36. The company's stock had a trading volume of 27,808,548 shares, compared to its average volume of 25,202,973. The company has a 50-day simple moving average of $7.18 and a 200 day simple moving average of $6.43. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The company has a market cap of $2.20 billion, a P/E ratio of -2.52 and a beta of 1.84.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter in the previous year, the company earned ($0.19) EPS. As a group, equities research analysts anticipate that JetBlue Airways will post -0.81 EPS for the current fiscal year.
Institutional Trading of JetBlue Airways
A number of institutional investors have recently modified their holdings of JBLU. Maverick Capital Ltd. boosted its stake in JetBlue Airways by 136.1% in the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company's stock valued at $1,612,000 after acquiring an additional 141,605 shares in the last quarter. Quantbot Technologies LP raised its stake in JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company's stock valued at $6,054,000 after buying an additional 334,032 shares during the last quarter. Jade Capital Advisors LLC boosted its holdings in JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company's stock worth $2,952,000 after acquiring an additional 400,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock worth $37,141,000 after acquiring an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of JetBlue Airways during the third quarter valued at about $794,000. 83.71% of the stock is currently owned by institutional investors.
JetBlue Airways Company Profile
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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.
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