JetBlue Airways (NASDAQ:JBLU) Given “Sell” Rating at UBS Group

UBS Group reiterated their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has a $5.00 price target on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. TD Cowen increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price target for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Evercore ISI upped 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 report on Thursday, October 3rd. Finally, Barclays raised their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Stock Down 3.4 %

JetBlue Airways stock opened at $5.91 on Tuesday. JetBlue Airways has a twelve month low of $4.10 and a twelve month high of $8.07. The stock has a market cap of $2.05 billion, a P/E ratio of -2.35 and a beta of 1.92. The company’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $5.93. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business 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 for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) EPS. As a group, analysts expect that JetBlue Airways will post -0.92 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of JetBlue Airways by 0.9% during the first quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in JetBlue Airways by 6.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 267,665 shares of the transportation company’s stock worth $1,987,000 after purchasing an additional 15,296 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of JetBlue Airways by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 216,328 shares of the transportation company’s stock worth $1,606,000 after purchasing an additional 11,986 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of JetBlue Airways in the 1st quarter valued at $317,000. Finally, GAMMA Investing LLC increased its position in shares of JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after buying an additional 2,993 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

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.