JetBlue Airways (NASDAQ:JBLU) Stock Rating Upgraded by Wall Street Zen

JetBlue Airways (NASDAQ:JBLU) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on JBLU. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Tuesday, April 21st. Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Thursday, April 16th. UBS Group cut their price objective on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating on the stock in a research note on Monday, March 16th. Evercore increased their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Thursday, January 29th. Finally, TD Cowen upgraded shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $4.88.

JetBlue Airways Trading Up 0.8%

NASDAQ JBLU opened at $5.05 on Friday. The company has a fifty day simple moving average of $4.76 and a two-hundred day simple moving average of $4.89. The stock has a market cap of $1.88 billion, a P/E ratio of -2.60 and a beta of 1.69. JetBlue Airways has a 12-month low of $3.84 and a 12-month high of $6.50. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.59) EPS. On average, analysts forecast that JetBlue Airways will post -2.83 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Thomas Winkelmann sold 35,473 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total transaction of $166,723.10. Following the sale, the director owned 13,379 shares in the company, valued at approximately $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.41% of the company’s stock.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares during the period. Caitong International Asset Management Co. Ltd grew its position in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the period. Kestra Advisory Services LLC acquired a new stake in JetBlue Airways during the fourth quarter valued at $30,000. Leonteq Securities AG acquired a new stake in JetBlue Airways during the fourth quarter valued at $32,000. Finally, Essential Partners LLC grew its position in JetBlue Airways by 1,048.5% during the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.