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

by · The Cerbat Gem

JetBlue Airways (NASDAQ:JBLU – Get Free Report) was upgraded by research analysts at StockNews.com to a “sell” rating in a report issued on Thursday.

Several other analysts also recently commented on the company. TD Cowen raised 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. Susquehanna boosted their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Citigroup lifted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $3.00 to $6.00 in a report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.98.

Check Out Our Latest Stock Report on JetBlue Airways

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.34 on Thursday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -2.52 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. The business’s 50-day moving average price is $6.31 and its 200-day moving average price is $5.88. JetBlue Airways has a 12 month low of $3.76 and a 12 month high of $8.07.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.39) earnings per share. Equities research analysts forecast that JetBlue Airways will post -0.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of JetBlue Airways during the first quarter valued at approximately $25,000. Sequoia Financial Advisors LLC raised its stake in shares of JetBlue Airways by 24.1% in the first quarter. Sequoia Financial Advisors LLC now owns 22,023 shares of the transportation company’s stock worth $163,000 after purchasing an additional 4,275 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of JetBlue Airways by 21.1% during the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock valued at $3,611,000 after purchasing an additional 84,766 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of JetBlue Airways by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock valued at $2,159,000 after buying an additional 4,157 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in JetBlue Airways by 41.6% in the 1st quarter. Empowered Funds LLC now owns 1,080,044 shares of the transportation company’s stock worth $8,014,000 after buying an additional 317,097 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

(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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