JetBlue Airways (NASDAQ:JBLU) Sets New 52-Week High - Still a Buy?

Shares of JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $8.23 and last traded at $8.23, with a volume of 7942315 shares trading hands. The stock had previously closed at $7.80.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBLU shares. Citigroup upped their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. StockNews.com raised shares of JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. TD Cowen boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Barclays increased their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, November 14th. Finally, UBS Group reaffirmed a "sell" rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.55.

JetBlue Airways Stock Up 2.7 %

The stock has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.16. 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 capitalization of $2.78 billion, a P/E ratio of -3.18 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping 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 business 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 firm posted ($0.39) earnings per share. The company's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts forecast that JetBlue Airways Co. will post -0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of JBLU. Dimensional Fund Advisors LP raised its stake in shares of JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock valued at $108,875,000 after buying an additional 521,767 shares during the period. American Century Companies Inc. raised its stake in JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock valued at $48,970,000 after acquiring an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $37,141,000 after purchasing an additional 663,865 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock worth $9,930,000 after purchasing an additional 1,430,622 shares during the period. 83.71% of the stock is owned by institutional investors.

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.