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JetBlue Airways (NASDAQ:JBLU) Stock Price Up 5.8% - What's Next?

JetBlue Airways logo with Transportation background

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) shares were up 5.8% on Friday . The company traded as high as $6.82 and last traded at $6.79. Approximately 2,682,311 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 15,866,662 shares. The stock had previously closed at $6.42.

Wall Street Analyst Weigh In

JBLU has been the subject of a number of recent research reports. Evercore ISI boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Citigroup increased their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. UBS Group reissued a "sell" rating and set a $5.00 price target on shares of JetBlue Airways in a research report on Tuesday, November 26th. Finally, Barclays boosted their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.43.

View Our Latest Report on JetBlue Airways

JetBlue Airways Stock Up 2.6 %

The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company has a market cap of $2.29 billion, a PE ratio of -2.62 and a beta of 1.92. The company's fifty day moving average is $6.56 and its 200-day moving average is $5.94.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted ($0.39) earnings per share. On average, analysts predict that JetBlue Airways Co. will post -0.92 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Smith Anglin Financial LLC grew its holdings in JetBlue Airways by 14.6% during the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company's stock valued at $91,000 after buying an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC grew its stake in JetBlue Airways by 9.9% during the second quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company's stock valued at $121,000 after acquiring an additional 1,788 shares in the last quarter. Jeppson Wealth Management LLC increased its holdings in JetBlue Airways by 15.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company's stock valued at $90,000 after acquiring an additional 1,850 shares during the last quarter. GAMMA Investing LLC lifted its stake in JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company's stock worth $41,000 after purchasing an additional 2,993 shares in the last quarter. Finally, 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 purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

JetBlue Airways Company Profile

(Get Free Report)

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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