JetBlue Airways (NASDAQ:JBLU) Stock Rating Upgraded by StockNews.com

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

JBLU has been the topic of several other research reports. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Evercore ISI raised their target price 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. Citigroup lifted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Susquehanna lifted their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the company from $3.00 to $6.00 in a report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.98.

JetBlue Airways Trading Up 4.8 %

Shares of JBLU opened at $6.34 on Thursday. The company’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $5.88. The company has a market cap of $2.20 billion, a P/E ratio of -2.52 and a beta of 1.92. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a twelve month low of $3.76 and a twelve month high of $8.07.

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

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways in the first quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at $27,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after acquiring an additional 4,000 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in JetBlue Airways in the second quarter valued at $34,000. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 2,993 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.