JetBlue Airways’ (JBLU) Sell Rating Reiterated at UBS Group

UBS Group reissued their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has a $5.00 price target on the transportation company’s stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Citigroup raised their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Finally, Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Trading Up 0.2 %

JBLU opened at $5.97 on Tuesday. JetBlue Airways has a 12-month low of $4.33 and a 12-month high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a market capitalization of $2.07 billion, a PE ratio of -2.37 and a beta of 1.92. The firm’s fifty day moving average price is $6.53 and its 200 day moving average price is $5.93.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) EPS. As a group, research analysts expect that JetBlue Airways will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its holdings in JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after buying an additional 1,430,622 shares in the last quarter. American Century Companies Inc. grew its stake in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of JetBlue Airways by 429.7% in the third quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after purchasing an additional 999,713 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of JetBlue Airways during the third quarter valued at $5,311,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after purchasing an additional 663,865 shares in the last quarter. Institutional investors and hedge funds 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.