JetBlue Airways (NASDAQ:JBLU) Given Underperform Rating at Bank of America

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “underperform” rating reissued by analysts at Bank of America in a research report issued on Friday, Marketbeat.com reports. They currently have a $6.50 target price on the transportation company’s stock. Bank of America‘s target price would indicate a potential downside of 14.92% from the company’s current price.

JBLU has been the subject of a number of other reports. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. UBS Group restated a “sell” rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Susquehanna increased their price target on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Citigroup raised their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.69.

JetBlue Airways Trading Up 0.4 %

NASDAQ JBLU opened at $7.64 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of -3.03 and a beta of 1.84. 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 has a 12-month low of $4.49 and a 12-month high of $8.28. The company has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $6.34.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.39) EPS. On average, analysts forecast that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 worth $11,555,000 after buying an additional 1,444,491 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $114,000. GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after acquiring an additional 3,857 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of JetBlue Airways by 88.2% during the third 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. Finally, Virtu Financial LLC acquired a new position in JetBlue Airways in the 3rd quarter valued at $307,000. Hedge funds and other 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.