JetBlue Airways (NASDAQ:JBLU) Rating Lowered to D+ at TheStreet

JetBlue Airways (NASDAQ:JBLUGet Rating) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Thursday, TheStreetRatingsTable reports.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley dropped their target price on JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Barclays dropped their target price on JetBlue Airways from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 14th. Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $16.00 in a report on Friday, April 22nd. Wolfe Research cut JetBlue Airways from a “peer perform” rating to an “underperform” rating in a report on Tuesday, April 12th. Finally, StockNews.com initiated coverage on JetBlue Airways in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.46.

NASDAQ JBLU opened at $10.06 on Thursday. The stock has a market capitalization of $3.23 billion, a PE ratio of -17.05 and a beta of 1.48. The business has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $13.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.80. JetBlue Airways has a 1-year low of $9.22 and a 1-year high of $20.89.

JetBlue Airways (NASDAQ:JBLUGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share for the quarter, beating the consensus estimate of ($0.85) by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. JetBlue Airways had a negative return on equity of 16.23% and a negative net margin of 2.70%. The firm’s revenue for the quarter was up 136.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.48) EPS. On average, analysts anticipate that JetBlue Airways will post -0.33 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of JBLU. Zullo Investment Group Inc. bought a new stake in JetBlue Airways during the 4th quarter valued at $27,000. Geneos Wealth Management Inc. raised its position in JetBlue Airways by 148.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,093 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,250 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in JetBlue Airways during the 4th quarter valued at $30,000. Herold Advisors Inc. bought a new stake in JetBlue Airways during the 1st quarter valued at $31,000. Finally, UMB Bank N A MO bought a new stake in JetBlue Airways during the 4th quarter valued at $32,000. 78.26% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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