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

StockNews.com upgraded shares of JetBlue Airways (NASDAQ:JBLU) to a sell rating in a research report sent to investors on Thursday morning.

Other equities research analysts also recently issued reports about the company. Citigroup lifted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Susquehanna increased their price target on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. TD Cowen lifted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Evercore ISI increased their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.98.

JetBlue Airways Stock Up 3.5 %

JBLU traded up $0.21 on Thursday, hitting $6.26. The company had a trading volume of 13,059,518 shares, compared to its average volume of 15,613,243. The stock has a fifty day simple moving average of $6.29 and a 200-day simple moving average of $5.89. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market capitalization of $2.17 billion, a P/E ratio of -2.48 and a beta of 1.92. JetBlue Airways has a 52-week low of $3.76 and a 52-week high of $8.07.

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 the consensus estimate of ($0.26) by $0.10. The company 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 firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) earnings per share. As a group, equities analysts expect that JetBlue Airways will post -0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after acquiring an additional 1,430,622 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of JetBlue Airways during the 3rd quarter valued at approximately $5,311,000. Donald Smith & CO. Inc. raised its holdings in JetBlue Airways by 6.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after buying an additional 805,404 shares during the period. Finally, Quantbot Technologies LP lifted its position in JetBlue Airways by 1,932.3% in the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock worth $3,586,000 after buying an additional 559,917 shares during the last quarter. 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.