JetBlue Airways (NASDAQ:JBLU) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn cut shares of JetBlue Airways (NASDAQ:JBLU) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna increased their target price on shares of JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Barclays boosted their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a report on Friday, November 15th. Finally, Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $6.69.

JetBlue Airways Stock Up 3.6 %

Shares of NASDAQ JBLU opened at $6.32 on Tuesday. The business has a 50-day moving average of $7.18 and a 200-day moving average of $6.43. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84. 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 12 month low of $4.49 and a 12 month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter in the previous year, the company posted ($0.19) EPS. Sell-side analysts expect that JetBlue Airways will post -0.81 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds and other institutional investors have recently made changes to their positions in JBLU. Bogart Wealth LLC grew its position in JetBlue Airways by 1,951.2% during the 3rd 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 last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $34,000. Blue Trust Inc. boosted its stake in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.