JetBlue Airways (NASDAQ:JBLU) Trading Up 10.5% - Should You Buy?

Key Points

• JetBlue shares jumped 10.5% intraday to $5.295 on Tuesday, with about 7.5 million shares traded—roughly 68% below the stock's average daily volume.
• Analysts are mixed but cautious: the MarketBeat consensus rating is Reduce with a $4.88 target, and recent price targets range roughly $4.40–$6.00 amid mostly Hold/Reduce opinions.
• Fundamentals remain weak—last quarter missed EPS (‑$0.49 vs. ‑$0.45 est.), revenue was down year-over-year, the company has negative net margin and ROE, and a high debt-to-equity ratio of 3.65.

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report)'s share price traded up 10.5% on Tuesday . The company traded as high as $5.29 and last traded at $5.2950. 7,524,922 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 23,462,359 shares. The stock had previously closed at $4.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JBLU shares. JPMorgan Chase & Co. raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Susquehanna boosted their price objective on JetBlue Airways from $4.55 to $5.00 and gave the company a "neutral" rating in a research report on Friday, January 9th. Evercore upped their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock an "in-line" rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JetBlue Airways in a report on Thursday, January 22nd. Finally, Citigroup cut their target price on shares of JetBlue Airways from $6.00 to $4.40 and set a "neutral" rating for the company in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $4.88.

JetBlue Airways Price Performance

The company has a 50-day moving average of $5.03 and a 200 day moving average of $4.81. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. The stock has a market capitalization of $2.07 billion, a PE ratio of -3.31 and a beta of 1.75.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. Sell-side analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company's stock worth $25,000 after buying an additional 3,373 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company's stock worth $29,000 after acquiring an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of JetBlue Airways during the 4th quarter worth $30,000. Bogart Wealth LLC raised its holdings in shares of JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $35,000 after acquiring an additional 7,000 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of JetBlue Airways during the 4th quarter valued at about $32,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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