JetBlue Airways (NASDAQ:JBLU) Upgraded by StockNews.com to “Sell” Rating

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

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

JetBlue Airways Stock Up 3.5 %

Shares of JBLU stock traded up $0.21 during mid-day trading on Thursday, hitting $6.26. The stock had a trading volume of 13,059,518 shares, compared to its average volume of 15,613,243. The firm has a market capitalization of $2.17 billion, a P/E ratio of -2.48 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. JetBlue Airways has a 12-month low of $3.76 and a 12-month high of $8.07. The firm’s 50-day moving average is $6.29 and its two-hundred day moving average is $5.89.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. JetBlue Airways’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts predict that JetBlue Airways will post -0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JBLU. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways in the first quarter valued at $25,000. Bogart Wealth LLC lifted its position in JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares during the last quarter. Trust Co. of Vermont purchased a new position in JetBlue Airways during the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways during the second quarter valued at about $34,000. Finally, GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 2,993 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.