JetBlue Airways (NASDAQ:JBLU) Downgraded to Hold Rating by Seaport Res Ptn

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

Several other analysts have also issued reports on JBLU. Susquehanna upped their target price on shares of JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Bank of America reiterated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Evercore ISI upped their target price 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. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.69.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.10 on Tuesday. The firm has a market capitalization of $2.12 billion, a PE ratio of -2.42 and a beta of 1.84. The firm has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $6.43. 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 $8.31.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted ($0.19) earnings per share. Analysts forecast that JetBlue Airways will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its position in JetBlue Airways by 46.9% during the second quarter. Creative Planning now owns 84,062 shares of the transportation company’s stock valued at $512,000 after acquiring an additional 26,834 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in JetBlue Airways by 11.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company’s stock valued at $380,000 after acquiring an additional 6,179 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways during the second quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. grew its position in JetBlue Airways by 218.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,109 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 15,862 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of JetBlue Airways in the second quarter worth approximately $48,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.