JetBlue Airways (NASDAQ:JBLU) Upgraded by StockNews.com to “Sell” Rating

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

A number of other equities research analysts have also issued reports on JBLU. Barclays cut their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Susquehanna dropped 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 report on Monday, April 7th. UBS Group cut their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating for the company in a research note on Monday, April 7th. Citigroup lifted their price target 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. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.16.

JetBlue Airways Trading Up 3.0%

Shares of JBLU stock opened at $5.07 on Thursday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a fifty day simple moving average of $4.57 and a two-hundred day simple moving average of $6.04. The firm has a market capitalization of $1.80 billion, a PE ratio of -2.17 and a beta of 1.79. JetBlue Airways has a 52-week low of $3.34 and a 52-week high of $8.31.

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

Insider Activity at JetBlue Airways

In other JetBlue Airways 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 value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at $313,747.50. This trade represents a 26.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.18% of the stock is owned by insiders.

Institutional Trading of JetBlue Airways

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its position in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after acquiring 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 during the fourth quarter valued at approximately $40,000. GW Henssler & Associates Ltd. bought a new stake in shares of JetBlue Airways in the 1st quarter valued at approximately $52,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of JetBlue Airways in the 1st quarter worth approximately $53,000. Finally, Bogart Wealth LLC boosted its holdings in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

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.