JetBlue Airways’ (JBLU) Sell Rating Reiterated at UBS Group

UBS Group reissued their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a research note issued to investors on Tuesday, MarketBeat reports. UBS Group currently has a $5.00 price target on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Barclays lifted their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. TD Cowen boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Finally, Citigroup increased their price objective on JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four investment 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, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.96 on Tuesday. The company has a 50-day simple moving average of $6.53 and a two-hundred day simple moving average of $5.93. JetBlue Airways has a 12-month low of $4.10 and a 12-month high of $8.07. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -2.37 and a beta of 1.92. 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 (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.39) EPS. On average, equities analysts forecast that JetBlue Airways will post -0.92 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. Virtu Financial LLC bought a new stake in shares of JetBlue Airways during the 3rd quarter valued at $307,000. Y Intercept Hong Kong Ltd purchased a new position in JetBlue Airways during the 3rd quarter valued at about $1,973,000. XTX Topco Ltd boosted its stake in JetBlue Airways by 186.4% during the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock worth $701,000 after acquiring an additional 69,584 shares in the last quarter. Weiss Asset Management LP purchased a new stake in JetBlue Airways in the third quarter worth about $1,761,000. Finally, Stifel Financial Corp increased its stake in shares of JetBlue Airways by 21.4% during the third quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock valued at $3,444,000 after purchasing an additional 92,468 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

About JetBlue Airways

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.