JetBlue Airways (NASDAQ:JBLU) Upgraded to “Neutral” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of JetBlue Airways (NASDAQ:JBLUFree Report) from an underweight rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have $7.00 price target on the transportation company’s stock.

A number of other analysts have also weighed in on JBLU. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a hold rating to a buy rating and upped their price objective for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. UBS Group assumed coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a sell rating and a $5.00 price objective on the stock. Bank of America lowered JetBlue Airways from a neutral rating to an underperform rating and dropped their target price for the company from $6.00 to $3.00 in a report on Tuesday, January 9th. Barclays assumed coverage on JetBlue Airways in a report on Wednesday, March 27th. They issued an underweight rating and a $6.00 target price on the stock. Finally, Susquehanna increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $5.86.

Check Out Our Latest Analysis on JetBlue Airways

JetBlue Airways Price Performance

JetBlue Airways stock opened at $7.11 on Thursday. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45. The stock’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $5.61. 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 firm has a market capitalization of $2.42 billion, a P/E ratio of -7.56 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. As a group, equities analysts expect that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Raymond James & Associates boosted its stake in JetBlue Airways by 162.3% in the first quarter. Raymond James & Associates now owns 174,219 shares of the transportation company’s stock valued at $2,605,000 after acquiring an additional 107,791 shares in the last quarter. American Century Companies Inc. boosted its stake in JetBlue Airways by 21.7% in the first quarter. American Century Companies Inc. now owns 44,471 shares of the transportation company’s stock valued at $665,000 after acquiring an additional 7,941 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in JetBlue Airways by 4.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,508 shares of the transportation company’s stock valued at $860,000 after acquiring an additional 2,320 shares in the last quarter. Natixis Advisors L.P. boosted its stake in JetBlue Airways by 10.2% in the first quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in JetBlue Airways in the first quarter valued at $1,117,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Company Profile

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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.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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