JetBlue Airways’ (JBLU) Underperform Rating Reiterated at Bank of America

Bank of America reiterated their underperform rating on shares of JetBlue Airways (NASDAQ:JBLU) in a research note issued to investors on Thursday, April 4th, Stock Target Advisor reports. Bank of America currently has a $16.00 target price on the transportation company’s stock, down from their prior target price of $19.00.

JBLU has been the subject of a number of other reports. Credit Suisse Group reiterated a hold rating and set a $17.00 price target on shares of JetBlue Airways in a report on Thursday, February 7th. Zacks Investment Research downgraded shares of JetBlue Airways from a buy rating to a hold rating in a report on Wednesday, March 13th. Imperial Capital reiterated an outperform rating and set a $23.00 price target (down from $25.00) on shares of JetBlue Airways in a report on Friday, March 8th. JPMorgan Chase & Co. cut shares of JetBlue Airways from an overweight rating to a neutral rating and set a $18.00 target price on the stock. in a research report on Thursday, January 10th. Finally, BidaskClub cut shares of JetBlue Airways from a hold rating to a sell rating in a research report on Friday, February 22nd. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $19.52.

Shares of NASDAQ JBLU traded up $0.09 during midday trading on Thursday, reaching $18.12. 4,654,038 shares of the stock were exchanged, compared to its average volume of 4,963,780. The company has a market cap of $5.43 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 5.99 and a beta of 0.89. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.61 and a quick ratio of 0.58.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.22%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, analysts anticipate that JetBlue Airways will post 1.87 EPS for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $18.18, for a total transaction of $45,450.00. Following the transaction, the chief executive officer now directly owns 429,156 shares of the company’s stock, valued at $7,802,056.08. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 7,500 shares of company stock worth $127,275. 0.79% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of JBLU. JPMorgan Chase & Co. lifted its position in shares of JetBlue Airways by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 639,349 shares of the transportation company’s stock worth $12,377,000 after purchasing an additional 149,968 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of JetBlue Airways by 36.6% during the third quarter. Janus Henderson Group PLC now owns 21,483 shares of the transportation company’s stock worth $416,000 after purchasing an additional 5,755 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of JetBlue Airways during the third quarter worth $430,000. Panagora Asset Management Inc. increased its stake in shares of JetBlue Airways by 1,311.4% in the third quarter. Panagora Asset Management Inc. now owns 117,531 shares of the transportation company’s stock worth $2,275,000 after buying an additional 109,204 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of JetBlue Airways in the third quarter worth $402,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading: What Are Cryptocurrencies?

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.