JetBlue Airways (NASDAQ:JBLU) Stock Price Expected to Rise, Barclays Analyst Says

JetBlue Airways (NASDAQ:JBLU) had its price objective boosted by Barclays from $5.00 to $7.00 in a research note issued to investors on Thursday,Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

Several other research firms also recently commented on JBLU. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their target price for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Citigroup raised their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Stock Down 1.1 %

JBLU traded down $0.08 during trading hours on Thursday, hitting $7.03. 6,805,337 shares of the company’s stock were exchanged, compared to its average volume of 15,731,834. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock’s 50-day moving average is $6.40 and its two-hundred day moving average is $5.89. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -2.82 and a beta of 1.92. JetBlue Airways has a 1-year low of $4.09 and a 1-year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business posted ($0.39) EPS. JetBlue Airways’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways will post -0.94 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of large investors have recently added to or reduced their stakes in JBLU. Maverick Capital Ltd. acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at $634,000. Jade Capital Advisors LLC grew its holdings in JetBlue Airways by 800.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after acquiring an additional 400,000 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in JetBlue Airways in the 3rd quarter valued at approximately $794,000. State Board of Administration of Florida Retirement System raised its stake in shares of JetBlue Airways by 208.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock valued at $2,851,000 after acquiring an additional 264,460 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of JetBlue Airways during the first quarter worth $624,000. Institutional investors and hedge funds 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.