JetBlue Airways (NASDAQ:JBLU) Upgraded at StockNews.com

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

Other equities analysts have also recently issued research reports about the stock. UBS Group lowered their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a research note on Monday, April 7th. Citigroup boosted their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Raymond James downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Susquehanna decreased their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.16.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.07 on Thursday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -2.17 and a beta of 1.79. The business’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $6.04. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $8.31. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company posted ($0.43) earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways in the fourth quarter worth about $40,000. Bogart Wealth LLC raised its stake in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after buying an additional 2,850 shares during the period. R Squared Ltd bought a new position in shares of JetBlue Airways in the fourth quarter worth about $58,000. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of JetBlue Airways by 1,769.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock valued at $73,000 after buying an additional 8,847 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other 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.