JetBlue Airways (NASDAQ:JBLU) Stock Rating Upgraded by StockNews.com

JetBlue Airways (NASDAQ:JBLU - Get Free Report) was upgraded by equities researchers at StockNews.com to a "sell" rating in a note issued to investors on Friday.

JBLU has been the topic of a number of other research reports. TD Cowen upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Citigroup increased their price objective on JetBlue Airways from $5.75 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Susquehanna boosted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.80.

JetBlue Airways Price Performance

Shares of JBLU stock traded down $0.08 during mid-day trading on Friday, reaching $6.72. The stock had a trading volume of 8,981,815 shares, compared to its average volume of 15,375,967. The company has a market cap of $2.33 billion, a P/E ratio of -2.39 and a beta of 1.92. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $7.65. The business has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $5.93.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm posted $0.45 EPS. The firm's revenue for the quarter was down 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that JetBlue Airways will post -0.91 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Several institutional investors have recently made changes to their positions in JBLU. Maverick Capital Ltd. purchased a new stake in shares of JetBlue Airways during the 2nd quarter worth about $634,000. BNP Paribas Financial Markets increased its position in shares of JetBlue Airways by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company's stock worth $3,611,000 after acquiring an additional 84,766 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of JetBlue Airways by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company's stock valued at $2,159,000 after acquiring an additional 4,157 shares during the period. CWM LLC lifted its holdings in shares of JetBlue Airways by 20.2% during the 1st quarter. CWM LLC now owns 30,224 shares of the transportation company's stock valued at $224,000 after acquiring an additional 5,069 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in JetBlue Airways by 208.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company's stock worth $2,851,000 after purchasing an additional 264,460 shares during the period. 83.71% of the stock is owned by hedge funds and other 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.

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