JetBlue Airways (NASDAQ:JBLU) Shares Up 9.9% - What's Next?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) shot up 9.9% during trading on Friday . The company traded as high as $6.94 and last traded at $6.95. 6,723,207 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 24,719,965 shares. The stock had previously closed at $6.32.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JBLU. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group restated a "sell" rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Bank of America reaffirmed an "underperform" rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of "Hold" and an average target price of $6.51.

JetBlue Airways Price Performance

The stock has a market cap of $2.14 billion, a P/E ratio of -2.64 and a beta of 1.83. 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 business's 50-day simple moving average is $7.20 and its two-hundred day simple moving average is $6.43.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping 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 9.29%. During the same quarter last year, the firm posted ($0.19) EPS. Sell-side analysts expect that JetBlue Airways Co. will post -0.58 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors have recently bought and sold shares of the stock. Smith Anglin Financial LLC boosted its stake in shares of JetBlue Airways by 14.6% during the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company's stock valued at $91,000 after purchasing an additional 1,763 shares during the period. CIBC Asset Management Inc boosted its position in JetBlue Airways by 6.4% during the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after buying an additional 1,823 shares during the period. Jeppson Wealth Management LLC grew 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 worth $90,000 after acquiring an additional 1,850 shares during the last quarter. Blue Trust Inc. increased its position in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after acquiring an additional 2,538 shares during the period. Finally, Bogart Wealth LLC raised its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after acquiring an additional 2,850 shares during the last quarter. 83.71% of the stock is currently 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.