JetBlue Airways (NASDAQ:JBLU) Reaches New 1-Year High – Time to Buy?

Shares of JetBlue Airways Co. (NASDAQ:JBLUGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $8.31 and last traded at $7.96, with a volume of 26625429 shares trading hands. The stock had previously closed at $7.64.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JBLU shares. UBS Group restated a “sell” rating and issued a $5.00 price target on shares of JetBlue Airways in a research report on Tuesday, November 26th. Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Five 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.69.

Get Our Latest Stock Analysis on JetBlue Airways

JetBlue Airways Price Performance

The company has a market cap of $2.74 billion, a P/E ratio of -3.14 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $6.38.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share 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 for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted ($0.39) EPS. On average, sell-side analysts predict that JetBlue Airways Co. will post -0.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JBLU. Smith Anglin Financial LLC boosted its stake in JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,763 shares during the period. Jeppson Wealth Management LLC lifted its holdings in shares of JetBlue Airways by 15.7% in the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 1,850 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of JetBlue Airways by 130.8% in 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. GAMMA Investing LLC boosted its position in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after buying an additional 3,857 shares during the period. Finally, Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

About JetBlue Airways

(Get Free Report)

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.

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