UBS Group Reaffirms Sell Rating for JetBlue Airways (NASDAQ:JBLU)

UBS Group restated their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a report issued on Tuesday, MarketBeat.com reports. UBS Group currently has a $5.00 price target on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. TD Cowen increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, Susquehanna lifted their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Four investment 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, the company currently has a consensus rating of “Hold” and an average target price of $6.43.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.97 on Tuesday. JetBlue Airways has a 1 year low of $4.33 and a 1 year high of $8.07. The company’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $5.93. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -2.37 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share 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%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) EPS. On average, sell-side analysts predict that JetBlue Airways will post -0.92 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of JetBlue Airways during the third quarter worth $307,000. Y Intercept Hong Kong Ltd purchased a new stake in JetBlue Airways during the 3rd quarter worth $1,973,000. XTX Topco Ltd lifted its holdings in JetBlue Airways by 186.4% in the 3rd quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock worth $701,000 after buying an additional 69,584 shares in the last quarter. Weiss Asset Management LP purchased a new position in JetBlue Airways in the 3rd quarter valued at about $1,761,000. Finally, Stifel Financial Corp grew its stake in shares of JetBlue Airways by 21.4% during the third quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock valued at $3,444,000 after acquiring an additional 92,468 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.