JetBlue Airways (NASDAQ:JBLU) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of JetBlue Airways (NASDAQ:JBLU) in a research note released on Wednesday, MarketBeat Ratings reports. The firm issued an underweight rating and a $6.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the company. UBS Group initiated coverage on JetBlue Airways in a research report on Wednesday, March 20th. They issued a sell rating and a $5.00 price objective on the stock. Bank of America cut JetBlue Airways from a neutral rating to an underperform rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a hold rating to a buy rating and raised their target price for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Reduce and an average target price of $5.53.

JetBlue Airways Price Performance

JBLU opened at $7.41 on Wednesday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -7.88 and a beta of 1.85. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45. The stock’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $5.35. 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 (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping 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 return on equity of 4.41% and a negative net margin of 3.23%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. As a group, analysts predict that JetBlue Airways will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JBLU. Vanguard Group Inc. raised its stake in shares of JetBlue Airways by 9.2% in the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after purchasing an additional 3,099,071 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of JetBlue Airways by 43.2% in the second quarter. Geode Capital Management LLC now owns 6,871,937 shares of the transportation company’s stock worth $60,885,000 after purchasing an additional 2,072,683 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of JetBlue Airways by 24.2% in the fourth quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after purchasing an additional 1,903,910 shares during the last quarter. Invesco Ltd. raised its stake in shares of JetBlue Airways by 107.2% in the third quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after purchasing an additional 1,791,273 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of JetBlue Airways by 110.6% in the fourth quarter. Two Sigma Advisers LP now owns 3,148,600 shares of the transportation company’s stock worth $20,403,000 after purchasing an additional 1,653,400 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.