JetBlue Airways (NASDAQ:JBLU) Lifted to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of JetBlue Airways (NASDAQ:JBLU) from an underweight rating to a neutral rating in a report published on Thursday morning, Marketbeat Ratings reports. They currently have $7.00 target price on the transportation company’s stock.

Other research analysts have also issued research reports about the company. Barclays initiated coverage on JetBlue Airways in a research report on Wednesday, March 27th. They set an underweight rating and a $6.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a hold rating to a buy rating and boosted their target price for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Bank of America lowered JetBlue Airways from a neutral rating to an underperform rating and decreased their target price for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Susquehanna boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a neutral rating in a report on Tuesday, April 9th. Finally, Evercore ISI boosted their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an in-line rating in a report on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways presently has a consensus rating of Hold and an average price target of $5.86.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $7.11 on Thursday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -7.56 and a beta of 1.86. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45. The stock’s 50 day moving average price is $6.94 and its two-hundred day moving average price is $5.62. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping the consensus estimate 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 return on equity of 4.41% and a negative net margin of 3.23%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities research analysts expect that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of 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 during the period. U S Global Investors Inc. lifted its position in shares of 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 during the period. Invesco Ltd. lifted its position in shares of 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 during the period. Two Sigma Advisers LP lifted its position in shares of 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 worth $20,403,000 after buying an additional 1,653,400 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in shares of JetBlue Airways during the 4th quarter worth $8,666,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.