JetBlue Airways (NASDAQ:JBLU) Now Covered by Barclays

Equities researchers at Barclays assumed coverage on shares of JetBlue Airways (NASDAQ:JBLU - Get Free Report) in a report issued on Wednesday, MarketBeat reports. The brokerage set an "underweight" rating and a $6.00 price target on the transportation company's stock. Barclays's price target would indicate a potential downside of 19.03% from the company's previous close.

A number of other equities research analysts have also recently commented on JBLU. Bank of America cut JetBlue Airways from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft raised 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 research note on Tuesday, February 20th. Finally, UBS Group started coverage on shares of JetBlue Airways in a research report on Wednesday, March 20th. They issued a "sell" rating and a $5.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, JetBlue Airways has an average rating of "Reduce" and a consensus price target of $5.53.

JetBlue Airways Trading Up 1.1 %

JBLU stock traded up $0.08 during midday trading on Wednesday, reaching $7.41. The stock had a trading volume of 8,173,200 shares, compared to its average volume of 17,878,885. The business has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $5.33. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -7.90 and a beta of 1.85. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $0.22 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. As a group, research analysts expect that JetBlue Airways will post -0.71 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in JetBlue Airways by 27.4% in the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company's stock worth $1,955,000 after purchasing an additional 91,403 shares in the last quarter. AQR Capital Management LLC raised its stake in JetBlue Airways by 136.3% in the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company's stock valued at $11,412,000 after purchasing an additional 1,431,113 shares in the last quarter. U S Global Investors Inc. raised its stake in JetBlue Airways by 12.4% in the third quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company's stock valued at $36,236,000 after purchasing an additional 866,863 shares in the last quarter. Citigroup Inc. raised its stake in JetBlue Airways by 9.4% in the third quarter. Citigroup Inc. now owns 377,628 shares of the transportation company's stock valued at $1,737,000 after purchasing an additional 32,516 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in JetBlue Airways by 173.7% in the third quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company's stock valued at $749,000 after purchasing an additional 103,384 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

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.