JetBlue Airways (NASDAQ:JBLU) Shares Up 4.2%

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report)'s stock price was up 4.2% on Thursday . The stock traded as high as $7.18 and last traded at $7.12. Approximately 1,909,339 shares were traded during trading, a decline of 88% from the average daily volume of 16,391,455 shares. The stock had previously closed at $6.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JBLU shares. Barclays started coverage on JetBlue Airways in a report on Wednesday, March 27th. They set an "underweight" rating and a $6.00 price target for the company. JPMorgan Chase & Co. upgraded JetBlue Airways from an "underweight" rating to a "neutral" rating and set a $7.00 price objective for the company in a report on Thursday. UBS Group initiated coverage on JetBlue Airways in a report on Wednesday, March 20th. They issued a "sell" rating and a $5.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Finally, Evercore ISI lifted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.86.

JetBlue Airways Stock Up 4.1 %

The firm has a market capitalization of $2.42 billion, a PE ratio of -7.56 and a beta of 1.86. The company has a fifty day moving average price of $6.89 and a 200-day moving average price of $5.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.10. The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. As a group, analysts expect that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways during the 1st quarter valued at $25,000. GAMMA Investing LLC increased its holdings in JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock worth $28,000 after purchasing an additional 2,377 shares during the period. Neo Ivy Capital Management purchased a new stake in JetBlue Airways during the 2nd quarter worth about $33,000. Quarry LP acquired a new position in shares of JetBlue Airways during the 1st quarter worth about $32,000. Finally, Compass Wealth Management LLC acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

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.