JetBlue Airways (NASDAQ:JBLU) Stock Rating Lowered by Seaport Res Ptn

JetBlue Airways (NASDAQ:JBLU) was downgraded by research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on JBLU. Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. UBS Group decreased their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus price target of $6.69.

JetBlue Airways Trading Up 1.5 %

Shares of JetBlue Airways stock opened at $6.10 on Tuesday. The company has a market capitalization of $2.12 billion, a P/E ratio of -2.42 and a beta of 1.84. The stock has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $6.43. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.31. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same period last year, the business posted ($0.19) earnings per share. On average, sell-side analysts anticipate that JetBlue Airways will post -0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of 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 period. JPMorgan Chase & Co. lifted its stake in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after purchasing an additional 2,584,350 shares in the last quarter. SG Americas Securities LLC boosted its holdings in JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after purchasing an additional 1,444,491 shares during the period. Empowered Funds LLC grew its position in shares of JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after purchasing an additional 107,293 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of JetBlue Airways by 429.7% in the third quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after purchasing an additional 999,713 shares during the period. Institutional investors own 83.71% of the company’s stock.

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.