JetBlue Airways (NASDAQ:JBLU) Rating Lowered to D+ at TheStreet

JetBlue Airways (NASDAQ:JBLUGet Rating) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

A number of other brokerages have also recently issued reports on JBLU. Morgan Stanley reduced their target price on JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. MKM Partners upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, April 11th. StockNews.com assumed coverage on JetBlue Airways in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wolfe Research cut JetBlue Airways from a “peer perform” rating to an “underperform” rating in a report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Friday, February 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average price target of $17.46.

Shares of JBLU opened at $10.06 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. JetBlue Airways has a 1 year low of $9.22 and a 1 year high of $20.89. The stock has a market cap of $3.23 billion, a P/E ratio of -17.05 and a beta of 1.48. The stock’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $13.94.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.05. JetBlue Airways had a negative return on equity of 16.23% and a negative net margin of 2.70%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned ($1.48) earnings per share. The company’s revenue was up 136.8% compared to the same quarter last year. As a group, equities analysts forecast that JetBlue Airways will post -0.33 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board increased its position in shares of JetBlue Airways by 36.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 55,351 shares of the transportation company’s stock worth $827,000 after purchasing an additional 14,674 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of JetBlue Airways by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,124,254 shares of the transportation company’s stock worth $46,708,000 after purchasing an additional 79,989 shares during the last quarter. Mariner LLC acquired a new position in shares of JetBlue Airways during the 1st quarter worth approximately $266,000. Easterly Investment Partners LLC increased its position in shares of JetBlue Airways by 37.0% during the 1st quarter. Easterly Investment Partners LLC now owns 929,685 shares of the transportation company’s stock worth $13,899,000 after purchasing an additional 251,325 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of JetBlue Airways during the 1st quarter worth approximately $151,000. Hedge funds and other institutional investors own 78.26% of the company’s stock.

About JetBlue Airways (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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