JetBlue Airways (NASDAQ:JBLU) Lifted to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of JetBlue Airways (NASDAQ:JBLU) from an underweight rating to a neutral rating in a research note released on Thursday, MarketBeat reports. They currently have $7.00 price target on the transportation company’s stock.

JBLU has been the topic of a number of other research reports. Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a hold rating to a buy rating and increased their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. UBS Group started coverage on JetBlue Airways in a research report on Wednesday, March 20th. They issued a sell rating and a $5.00 target price for the company. Evercore ISI increased their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an in-line rating in a research report on Thursday, April 4th. Finally, Barclays started coverage on JetBlue Airways in a research report on Wednesday, March 27th. They issued an underweight rating and a $6.00 target price for the company. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, JetBlue Airways has a consensus rating of Hold and a consensus price target of $5.86.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $7.11 on Thursday. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45. The company has a market cap of $2.42 billion, a PE ratio of -7.56 and a beta of 1.86. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The stock’s 50-day moving average is $6.94 and its 200 day moving average is $5.62.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $0.22 EPS. JetBlue Airways’s revenue was down 3.7% compared to the same quarter last year. Sell-side analysts anticipate that JetBlue Airways will post -0.72 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in JetBlue Airways by 27.4% during the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock valued at $1,955,000 after buying an additional 91,403 shares in the last quarter. AQR Capital Management LLC increased its position in JetBlue Airways by 136.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock valued at $11,412,000 after buying an additional 1,431,113 shares in the last quarter. U S Global Investors Inc. increased its position in JetBlue Airways by 12.4% during the 3rd quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company’s stock valued at $36,236,000 after buying an additional 866,863 shares in the last quarter. Citigroup Inc. boosted its stake in JetBlue Airways by 9.4% during the 3rd quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 32,516 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in JetBlue Airways by 173.7% during the 3rd quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock valued at $749,000 after purchasing an additional 103,384 shares during the last quarter. 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.