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

StockNews.com upgraded shares of JetBlue Airways (NASDAQ:JBLU) to a sell rating in a report released on Friday.

JBLU has been the subject of a number of other reports. Bank of America upgraded JetBlue Airways from an underperform rating to a neutral rating and raised their target price for the company from $3.00 to $6.00 in a report on Monday, September 9th. TD Cowen upped their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a hold rating in a research report on Friday, September 6th. Susquehanna boosted their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a neutral rating in a research note on Wednesday, October 9th. Citigroup increased their target price on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a neutral rating in a research report on Thursday, September 12th. Finally, Evercore ISI lifted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an in-line rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $5.80.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $6.84 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of -2.77 and a beta of 1.92. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $7.65. The company’s 50-day moving average price is $5.69 and its 200-day moving average price is $5.90. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. JetBlue Airways’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, sell-side analysts forecast that JetBlue Airways will post -0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in JetBlue Airways by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company’s stock worth $205,681,000 after acquiring an additional 354,086 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in JetBlue Airways by 3.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after buying an additional 2,178 shares in the last quarter. PNC Financial Services Group Inc. grew its position in JetBlue Airways by 64.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,018 shares of the transportation company’s stock worth $139,000 after buying an additional 9,777 shares during the period. Versant Capital Management Inc increased its holdings in JetBlue Airways by 62.7% in the first quarter. Versant Capital Management Inc now owns 10,363 shares of the transportation company’s stock valued at $77,000 after buying an additional 3,992 shares in the last quarter. Finally, CWM LLC lifted its position in shares of JetBlue Airways by 20.2% during the 1st quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock valued at $224,000 after acquiring an additional 5,069 shares during the period. 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.