JetBlue Airways (NASDAQ:JBLU) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

JetBlue Airways (NASDAQ:JBLU) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. They presently have a $7.00 price target on the transportation company’s stock, down from their previous price target of $9.00. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 8.02% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Susquehanna decreased their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Barclays increased their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.33.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.48 on Tuesday. JetBlue Airways has a 12-month low of $4.50 and a 12-month high of $8.31. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.77 and a beta of 1.83. The business has a 50 day simple moving average of $7.12 and a 200 day simple moving average of $6.58. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the company posted ($0.19) earnings per share. On average, equities research analysts anticipate that JetBlue Airways will post -0.69 EPS for the current year.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock worth $254,749,000 after acquiring an additional 121,267 shares in the last quarter. FMR LLC raised its holdings in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after acquiring an additional 16,486,326 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of JetBlue Airways by 8.4% during the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company’s stock worth $68,948,000 after acquiring an additional 678,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after acquiring an additional 1,063,929 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after acquiring an additional 2,584,350 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.