JetBlue Airways (NASDAQ:JBLU) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• JetBlue Airways received a "sell (D-)" rating from Weiss Ratings, indicating a lack of confidence in the company's current stock performance.
• Several research firms have revised their price targets for JetBlue Airways, with a consensus target of $5.28 and many analysts rating the stock as "hold" or "sell."
• The company reported a loss of ($0.16) EPS in its last earnings release, surpassing estimates, yet it continues to face challenges with a negative return on equity of 15.59%.

JetBlue Airways (NASDAQ:JBLU - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research firms have also recently weighed in on JBLU. Susquehanna lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Friday, October 3rd. UBS Group lifted their price objective on JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a research report on Friday, September 5th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Citigroup set a $5.00 price objective on JetBlue Airways and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Finally, TD Cowen lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a "hold" rating in a research report on Monday, September 8th. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $5.28.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $4.74 on Wednesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market capitalization of $1.72 billion, a PE ratio of -4.31 and a beta of 1.82. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The business's 50-day moving average is $4.97 and its 200 day moving average is $4.66.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.15. The company had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. Sell-side analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. HUB Investment Partners LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $45,000. Wealth Enhancement Advisory Services LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $47,000. Ballentine Partners LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $48,000. Alpha Wealth Funds LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $51,000. Finally, Rafferty Asset Management LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $51,000. 83.71% of the stock is owned by institutional investors.

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.

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