JetBlue Airways (NASDAQ:JBLU) Upgraded at Deutsche Bank Aktiengesellschaft

JetBlue Airways (NASDAQ:JBLU) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a $5.50 target price on the transportation company’s stock. Deutsche Bank Aktiengesellschaft‘s price objective points to a potential upside of 55.15% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. TD Cowen dropped their price objective on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, August 24th. Seaport Research Partners lowered shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Citigroup raised shares of JetBlue Airways from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $5.30 to $4.50 in a report on Tuesday, October 6th. Wall Street Zen downgraded shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Finally, Susquehanna dropped their price target on shares of JetBlue Airways from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, JetBlue Airways presently has an average rating of “Reduce” and a consensus target price of $4.94.

JetBlue Airways Stock Up 11.5%

Shares of NASDAQ JBLU opened at $3.54 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 5.92. The stock’s fifty day moving average price is $3.88 and its two-hundred day moving average price is $4.90. JetBlue Airways has a one year low of $2.16 and a one year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Monday, October 26th. The transportation company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.05). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) EPS. On average, sell-side analysts anticipate that JetBlue Airways will post -2.73 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average price of $3.24 per share, with a total value of $324,000.00. Following the completion of the purchase, the director directly owned 238,537 shares in the company, valued at $772,859.88. This trade represents a 72.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 6,000 shares of company stock valued at $23,920 over the last three months. 2.41% of the stock is owned by insiders.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in shares of JetBlue Airways by 157.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after acquiring an additional 3,373 shares in the last quarter. Trust Co. of Vermont acquired a new position in JetBlue Airways during the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in JetBlue Airways during the second quarter valued at approximately $27,000. Essential Partners LLC lifted its stake 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 worth $32,000 after purchasing an additional 6,658 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in JetBlue Airways by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company’s stock worth $44,000 after purchasing an additional 4,768 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue joined a broader airline rally as oil prices fell sharply, potentially lowering fuel expenses. The report noted JetBlue’s comparatively limited buffer against fuel-cost swings. JetBlue Surges as Oil Prices Slide
• Positive Sentiment: Director Nik Mittal bought 100,000 shares for $324,000, increasing his stake by about 72%. The sizable purchase may signal confidence in the company. SEC filing on director’s share purchase
• Positive Sentiment: JetBlue is adding nonstop service from Fort Lauderdale to Indianapolis and Columbus, expanding its network and advancing its JetForward strategy. JetBlue adds nonstop routes
• Neutral Sentiment: Chief Digital and Technology Officer Carol Clements sold 2,000 shares under a pre-arranged trading plan, a small reduction in her holdings. SEC filing on insider sale
• Negative Sentiment: JetBlue raised checked-bag fees for the third time in less than a year, with some first-bag fees reaching $70 during peak travel periods. The increase may help offset higher costs, but also highlights profit pressure and could weigh on customer demand. JetBlue raises checked-bag fees
• Negative Sentiment: Short interest rose 9.2% from September 30 to 32.87% of the float, indicating substantial bearish positioning and potential volatility. JetBlue short interest data

JetBlue Airways Company Profile

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.