UBS Group Reiterates Sell Rating for JetBlue Airways (NASDAQ:JBLU)

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “sell” rating reissued by equities researchers at UBS Group in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $5.00 price target on the transportation company’s stock. UBS Group’s price objective indicates a potential downside of 16.11% from the company’s current price.

Several other research analysts have also issued reports on JBLU. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays increased their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price target on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Trading Up 0.8 %

JetBlue Airways stock opened at $5.96 on Tuesday. The business has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $5.93. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways has a 12 month low of $4.10 and a 12 month high of $8.07. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -2.37 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.39) earnings per share. As a group, equities analysts forecast that JetBlue Airways will post -0.92 EPS for the current year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently modified their holdings of JBLU. Vanguard Group Inc. lifted its holdings in JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after buying an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock worth $108,875,000 after acquiring an additional 521,767 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after acquiring an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after purchasing an additional 1,430,622 shares during the period. 83.71% of the stock is owned by 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.