JetBlue Airways (NASDAQ:JBLU) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

JetBlue Airways Corporation (NASDAQ:JBLU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.65 and traded as high as $4.65. JetBlue Airways shares last traded at $4.53, with a volume of 12,303,142 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on JBLU shares. Susquehanna upped their target price on JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Citigroup assumed coverage on JetBlue Airways in a research report on Thursday, December 4th. They issued a “sell” rating and a $4.10 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. UBS Group raised their price objective on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Finally, TD Cowen upped their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. Six equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $5.04.

JetBlue Airways Stock Performance

The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market cap of $1.65 billion, a P/E ratio of -3.43 and a beta of 1.76. The company’s 50 day moving average price is $4.52 and its 200-day moving average price is $4.65.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. U S Global Investors Inc. increased its holdings in shares of JetBlue Airways by 25.2% during the second quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after acquiring an additional 1,011,279 shares in the last quarter. Amundi lifted its position in JetBlue Airways by 962.8% in the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock valued at $7,659,000 after acquiring an additional 1,439,435 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in JetBlue Airways by 17.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,951,255 shares of the transportation company’s stock valued at $9,600,000 after purchasing an additional 291,758 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of JetBlue Airways by 5,888.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 252,943 shares of the transportation company’s stock worth $1,070,000 after purchasing an additional 248,719 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new position in shares of JetBlue Airways in the second quarter worth $2,369,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.