JetBlue Airways (NASDAQ:JBLU) Coverage Initiated at UBS Group

Stock analysts at UBS Group assumed coverage on shares of JetBlue Airways (NASDAQ:JBLUGet Free Report) in a research note issued on Wednesday, Benzinga reports. The brokerage set a “sell” rating and a $5.00 price target on the transportation company’s stock. UBS Group’s target price would indicate a potential downside of 31.32% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Bank of America downgraded shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and upped their price objective for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.47.

Read Our Latest Report on JBLU

JetBlue Airways Price Performance

Shares of JBLU opened at $7.28 on Wednesday. The firm has a market capitalization of $2.47 billion, a PE ratio of -7.74 and a beta of 1.85. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $9.45. The company’s fifty day moving average price is $6.23 and its 200-day moving average price is $5.30.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. On average, equities research analysts predict that JetBlue Airways will post -0.71 EPS for the current year.

Institutional Trading of JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Vanguard Group Inc. grew its stake in JetBlue Airways by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after acquiring an additional 3,099,071 shares in the last quarter. Geode Capital Management LLC grew its stake in JetBlue Airways by 43.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,871,937 shares of the transportation company’s stock valued at $60,885,000 after acquiring an additional 2,072,683 shares in the last quarter. U S Global Investors Inc. grew its stake in JetBlue Airways by 24.2% during the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock valued at $54,286,000 after acquiring an additional 1,903,910 shares in the last quarter. Invesco Ltd. grew its stake in JetBlue Airways by 107.2% during the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock valued at $15,925,000 after acquiring an additional 1,791,273 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in JetBlue Airways by 110.6% during the 4th quarter. Two Sigma Advisers LP now owns 3,148,600 shares of the transportation company’s stock valued at $20,403,000 after acquiring an additional 1,653,400 shares in the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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