JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report)'s stock price was down 3.4% during trading on Wednesday . The company traded as low as $5.11 and last traded at $5.03. Approximately 6,669,990 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 20,498,309 shares. The stock had previously closed at $5.21.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on JBLU shares. Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th. Barclays dropped their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James lowered shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. UBS Group dropped their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Finally, Bank of America dropped their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.16.
Get Our Latest Stock Report on JBLU
JetBlue Airways Price Performance
The stock has a fifty day moving average of $4.45 and a 200-day moving average of $5.94. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $1.73 billion, a P/E ratio of -2.09 and a beta of 1.79.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.
Institutional Trading of JetBlue Airways
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways in the 4th quarter valued at approximately $40,000. GW Henssler & Associates Ltd. acquired a new position in shares of JetBlue Airways in the 1st quarter valued at approximately $52,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of JetBlue Airways in the 1st quarter valued at approximately $53,000. Finally, Bogart Wealth LLC grew its position in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares during the period. 83.71% of the stock is owned by institutional investors.
About JetBlue Airways
(
Get Free Report)
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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