JetBlue Airways (NASDAQ:JBLU) Upgraded at Raymond James

JetBlue Airways (NASDAQ:JBLU - Get Free Report) was upgraded by equities research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $5.00 target price on the transportation company's stock. Raymond James' price objective points to a potential upside of 34.77% from the stock's current price.

A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and reduced their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup upped their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Morgan Stanley reiterated an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, UBS Group lowered their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.17.

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JetBlue Airways Stock Up 0.5 %

JetBlue Airways stock traded up $0.02 during mid-day trading on Monday, reaching $3.71. The stock had a trading volume of 22,581,028 shares, compared to its average volume of 18,310,564. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.59 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways has a one year low of $3.47 and a one year high of $8.31. The company has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $6.50.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned ($0.19) EPS. On average, analysts expect that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBLU. CIBC Asset Management Inc raised its holdings in JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Xponance Inc. grew its position in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock worth $178,000 after purchasing an additional 2,095 shares in the last quarter. Vident Advisory LLC raised its stake in JetBlue Airways by 10.9% during the 4th quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock valued at $182,000 after purchasing an additional 2,284 shares during the period. Blue Trust Inc. lifted its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in JetBlue Airways by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock worth $257,000 after purchasing an additional 2,666 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

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.