JetBlue Airways (NASDAQ:JBLU) Trading Up 9.5% - What's Next?

Key Points

• JetBlue Airways shares rose 9.5% to $4.68, despite a significant decrease in trading volume compared to the average.
• Analysts generally maintain a consensus rating of "Hold" for JetBlue, with price targets ranging from $3.00 to $5.00.
• The company reported a quarterly revenue of $2.36 billion and surpassed earnings expectations, though it showed a negative return on equity of 15.59%.

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report)'s stock price rose 9.5% on Tuesday . The stock traded as high as $4.54 and last traded at $4.68. Approximately 4,406,024 shares changed hands during trading, a decline of 82% from the average daily volume of 24,142,592 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. UBS Group set a $3.00 target price on JetBlue Airways and gave the stock a "sell" rating in a report on Monday, July 7th. Citigroup set a $5.00 price target on JetBlue Airways and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Susquehanna restated a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Wall Street Zen upgraded JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, JetBlue Airways has an average rating of "Hold" and an average price target of $5.16.

JetBlue Airways Price Performance

The company has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $4.98. 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 company has a market cap of $1.90 billion, a PE ratio of -4.75 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.15. The firm 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 expect that JetBlue Airways Corporation will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HUB Investment Partners LLC acquired a new position in JetBlue Airways during the second quarter worth $45,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of JetBlue Airways in the second quarter valued at about $47,000. Ballentine Partners LLC acquired a new stake in JetBlue Airways during the second quarter worth about $48,000. Alpha Wealth Funds LLC acquired a new stake in JetBlue Airways during the second quarter worth about $51,000. Finally, Rafferty Asset Management LLC acquired a new stake in JetBlue Airways during the second quarter worth about $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.