JPMorgan Chase & Co. upgraded shares of JetBlue Airways (NASDAQ:JBLU - Free Report) from an underweight rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have $7.00 price objective on the transportation company's stock.
Other analysts also recently issued research reports about the stock. Barclays initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an underweight rating and a $6.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and boosted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Bank of America downgraded shares of 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 report on Tuesday, January 9th. Susquehanna upped their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Finally, UBS Group initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a sell rating and a $5.00 price target on the stock. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, JetBlue Airways has a consensus rating of Hold and an average price target of $5.86.
View Our Latest Analysis on JBLU
JetBlue Airways Stock Performance
Shares of NASDAQ:JBLU traded up $0.28 during midday trading on Thursday, hitting $7.11. The stock had a trading volume of 20,560,005 shares, compared to its average volume of 16,640,258. The company has a market capitalization of $2.42 billion, a PE ratio of -7.56 and a beta of 1.86. The stock has a 50 day moving average price of $6.91 and a two-hundred day moving average price of $5.59. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.10. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities analysts predict that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.
Institutional Investors Weigh In On JetBlue Airways
Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the first quarter worth $25,000. GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock valued at $28,000 after purchasing an additional 2,377 shares during the period. Neo Ivy Capital Management purchased a new position in shares of JetBlue Airways in the second quarter valued at $33,000. Quarry LP purchased a new position in shares of JetBlue Airways in the first quarter valued at $32,000. Finally, Compass Wealth Management LLC purchased a new position in shares of JetBlue Airways in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 83.71% of the company's stock.
About JetBlue Airways
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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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