JetBlue Airways (NASDAQ:JBLU) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of JetBlue Airways (NASDAQ:JBLU) to a sell rating in a report released on Friday.

Several other analysts also recently commented on JBLU. Susquehanna lifted their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a neutral rating in a report on Wednesday, October 9th. Citigroup lifted their target price on JetBlue Airways from $5.75 to $6.00 and gave the stock a neutral rating in a research note on Thursday, September 12th. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an in-line rating in a report on Thursday, October 3rd. TD Cowen boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a hold rating in a research note on Friday, September 6th. Finally, Bank of America upgraded JetBlue Airways from an underperform rating to a neutral rating and upped their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $5.80.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $6.72 on Friday. The firm’s 50-day moving average price is $5.66 and its two-hundred day moving average price is $5.92. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.72 and a beta of 1.92. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $7.65.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, equities analysts predict that JetBlue Airways will post -0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JBLU. Allspring Global Investments Holdings LLC bought a new position in shares of JetBlue Airways in the first quarter valued at $25,000. Trust Co. of Vermont bought a new stake in JetBlue Airways in the 2nd quarter worth $27,000. GAMMA Investing LLC lifted its holdings in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after buying an additional 2,377 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of JetBlue Airways in the 2nd quarter worth about $34,000. Finally, Point72 DIFC Ltd purchased a new stake in JetBlue Airways in the second quarter worth about $48,000. 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.