JetBlue Airways (NASDAQ:JBLU) Upgraded by StockNews.com to "Sell" Rating

StockNews.com upgraded shares of JetBlue Airways (NASDAQ:JBLU - Free Report) to a sell rating in a research report sent to investors on Thursday.

A number of other brokerages also recently weighed in on JBLU. TD Cowen lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a report on Friday, September 6th. Citigroup lifted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a report on Thursday, October 3rd. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their price target for the company from $3.00 to $6.00 in a report on Monday, September 9th. Finally, Susquehanna raised their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.98.

JetBlue Airways Trading Down 1.8 %

Shares of JetBlue Airways stock traded down $0.11 on Thursday, reaching $6.05. 12,406,759 shares of the company were exchanged, compared to its average volume of 15,624,976. The stock has a fifty day moving average price of $6.29 and a 200-day moving average price of $5.89. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -2.40 and a beta of 1.92. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a fifty-two week low of $3.76 and a fifty-two week high of $8.07.

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 analysts' consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.39) earnings per share. On average, analysts expect that JetBlue Airways will post -0.94 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the first quarter worth $25,000. Trust Co. of Vermont bought a new stake in JetBlue Airways during the second quarter worth $27,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 1,951.2% in the third 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 period. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways during the second quarter worth about $34,000. Finally, GAMMA Investing LLC increased its position in JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company's stock worth $41,000 after acquiring an additional 2,993 shares during the period. 83.71% of the stock is owned by 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.