StockNews.com Upgrades JetBlue Airways (NASDAQ:JBLU) to Sell

JetBlue Airways (NASDAQ:JBLU) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Thursday.

Other research analysts have also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Evercore ISI boosted 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. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Citigroup lifted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.98.

JetBlue Airways Stock Up 4.4 %

NASDAQ:JBLU opened at $6.16 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways has a 12-month low of $3.76 and a 12-month high of $8.07. The stock’s fifty day simple moving average is $6.27 and its 200-day simple moving average is $5.89. The firm has a market capitalization of $2.14 billion, a P/E ratio of -2.44 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last issued 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 firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.39) earnings per share. Equities research analysts expect that JetBlue Airways will post -0.94 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in JetBlue Airways in the first quarter valued at $25,000. Sequoia Financial Advisors LLC grew its stake in JetBlue Airways by 24.1% in the first quarter. Sequoia Financial Advisors LLC now owns 22,023 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 4,275 shares in the last quarter. BNP Paribas Financial Markets grew its stake in JetBlue Airways by 21.1% in 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 raised its stake in shares of JetBlue Airways by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock worth $2,159,000 after purchasing an additional 4,157 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of JetBlue Airways by 41.6% in the 1st quarter. Empowered Funds LLC now owns 1,080,044 shares of the transportation company’s stock valued at $8,014,000 after buying an additional 317,097 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.