JetBlue Airways (NASDAQ:JBLU) Trading Down 6.4% – Should You Sell?

Shares of JetBlue Airways Co. (NASDAQ:JBLU) traded down 6.4% during trading on Wednesday . The company traded as low as $5.66 and last traded at $5.68. 18,885,904 shares traded hands during trading, an increase of 22% from the average session volume of 15,508,019 shares. The stock had previously closed at $6.07.

Analysts Set New Price Targets

JBLU has been the topic of several research reports. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. TD Cowen boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Citigroup boosted their price target on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.98.

JetBlue Airways Trading Up 1.2 %

The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 0.50. The stock has a market cap of $2.00 billion, a P/E ratio of -2.29 and a beta of 1.92. The stock’s 50-day moving average is $6.18 and its two-hundred day moving average is $5.92.

JetBlue Airways (NASDAQ:JBLU) last issued its 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. The firm had revenue of $2.37 billion for 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 business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) earnings per share. Equities research analysts anticipate that JetBlue Airways Co. will post -0.91 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds have recently bought and sold shares of JBLU. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways during the first quarter valued at approximately $25,000. Trust Co. of Vermont bought a new position in shares of JetBlue Airways during the 2nd quarter valued at approximately $27,000. Bogart Wealth LLC lifted its position in JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways during the second quarter valued at $34,000. Finally, GAMMA Investing LLC raised its stake in shares of JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 2,993 shares during the period. 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.