JetBlue Airways (NASDAQ:JBLU) Trading Down 3.9% - What's Next?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report)'s stock price traded down 3.9% during trading on Thursday . The company traded as low as $7.54 and last traded at $7.55. 8,512,920 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 15,973,212 shares. The stock had previously closed at $7.86.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JBLU shares. Barclays increased their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. UBS Group restated a "sell" rating and set a $5.00 target price on shares of JetBlue Airways in a report on Tuesday, November 26th. StockNews.com raised JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Bank of America raised shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.55.

JetBlue Airways Trading Down 4.8 %

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 stock has a 50-day moving average of $6.71 and a two-hundred day moving average of $6.20. The company has a market cap of $2.59 billion, a P/E ratio of -2.97 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.39) earnings per share. On average, equities research analysts predict that JetBlue Airways Co. will post -0.85 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors have recently modified their holdings of JBLU. Bogart Wealth LLC boosted its holdings in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways in the 2nd quarter worth approximately $34,000. Point72 DIFC Ltd bought a new position in shares of JetBlue Airways during the 2nd quarter valued at $48,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of JetBlue Airways in the 3rd quarter worth $66,000. 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.