JetBlue Airways (NASDAQ:JBLU) Trading 4.2% Higher

Shares of JetBlue Airways Co. (NASDAQ:JBLU) were up 4.2% during mid-day trading on Thursday . The company traded as high as $7.18 and last traded at $7.12. Approximately 1,909,339 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 16,391,455 shares. The stock had previously closed at $6.83.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Susquehanna raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Evercore ISI raised their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. UBS Group started coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 price objective on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.86.

JetBlue Airways Trading Up 7.2 %

The stock has a market capitalization of $2.49 billion, a P/E ratio of -7.69 and a beta of 1.86. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $5.58.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. JetBlue Airways’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Several large investors have recently bought and sold shares of the business. Performa Ltd US LLC increased its position in JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares in the last quarter. GAMMA Investing LLC raised its holdings in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after buying an additional 2,377 shares during the last quarter. Signaturefd LLC boosted its position in JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares during the period. Quarry LP bought a new stake in JetBlue Airways during the 1st quarter worth approximately $32,000. Finally, Neo Ivy Capital Management bought a new stake in JetBlue Airways during the 2nd quarter worth approximately $33,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.