Deutsche Bank Aktiengesellschaft Downgrades JetBlue Airways (NASDAQ:JBLU) to Hold

Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways (NASDAQ:JBLU - Free Report) from a buy rating to a hold rating in a research note published on Tuesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $7.00 target price on the transportation company's stock, down from their previous target price of $9.00.

A number of other research firms also recently issued reports on JBLU. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Susquehanna reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group reiterated a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup lifted their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, JetBlue Airways has a consensus rating of "Hold" and an average price target of $6.33.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded up $0.39 during mid-day trading on Tuesday, reaching $6.48. The stock had a trading volume of 28,424,814 shares, compared to its average volume of 16,456,292. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.77 and a beta of 1.83. JetBlue Airways has a twelve month low of $4.50 and a twelve month high of $8.31. The business has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $6.58.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the company earned ($0.19) earnings per share. On average, analysts expect that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.18% of the company's stock.

Institutional Trading of JetBlue Airways

Several hedge funds and other institutional investors have recently bought and sold shares of JBLU. Harvest Fund Management Co. Ltd purchased a new stake in shares of JetBlue Airways during the 3rd quarter valued at $28,000. Blue Trust Inc. grew its stake in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at $40,000. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

About JetBlue Airways

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.