JetBlue Airways (NASDAQ:JBLU) Stock Price Up 4.2%

JetBlue Airways Co. (NASDAQ:JBLU) shares shot up 4.2% on Thursday . The company traded as high as $7.18 and last traded at $7.12. 1,909,339 shares were traded during trading, a decline of 88% from the average session volume of 16,391,455 shares. The stock had previously closed at $6.83.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of recent analyst reports. UBS Group began coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target for the company. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Thursday. Susquehanna lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Evercore ISI upped their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, Barclays assumed coverage on JetBlue Airways in a research note on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and an average target price of $5.86.

JetBlue Airways Stock Performance

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 business has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $5.61.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS 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%. JetBlue Airways’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. Equities analysts forecast that JetBlue Airways Co. will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after acquiring an additional 3,099,071 shares in the last quarter. U S Global Investors Inc. lifted its position in JetBlue Airways by 24.2% during the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after purchasing an additional 1,903,910 shares during the period. Invesco Ltd. increased its holdings in JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock valued at $15,925,000 after buying an additional 1,791,273 shares during the period. Two Sigma Advisers LP raised its position in shares of JetBlue Airways by 110.6% in the 4th quarter. Two Sigma Advisers LP now owns 3,148,600 shares of the transportation company’s stock valued at $20,403,000 after buying an additional 1,653,400 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $8,666,000. 83.71% of the stock is currently owned by institutional investors.

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.