JetBlue Airways (NASDAQ:JBLU) Shares Down 5.9% – Should You Sell?

by · The Cerbat Gem

JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report)’s share price fell 5.9% on Thursday . The company traded as low as $4.70 and last traded at $4.7310. 9,237,084 shares were traded during mid-day trading, a decline of 59% from the average session volume of 22,514,693 shares. The stock had previously closed at $5.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. Morgan Stanley dropped their target price on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Citigroup assumed coverage on JetBlue Airways in a research report on Thursday, December 4th. They set a “sell” rating and a $4.10 price target for the company. TD Cowen boosted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. Finally, UBS Group upped their price objective on JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research note on Friday, September 5th. Six research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, JetBlue Airways has an average rating of “Reduce” and a consensus target price of $5.04.

Get Our Latest Research Report on JBLU

JetBlue Airways Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $1.80 billion, a P/E ratio of -3.74 and a beta of 1.76. The company has a 50 day moving average price of $4.50 and a 200 day moving average price of $4.68.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) earnings per share. On average, equities analysts predict that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the company. U S Global Investors Inc. raised its position in JetBlue Airways by 25.2% during the second quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after purchasing an additional 1,011,279 shares in the last quarter. Amundi increased its stake in shares of JetBlue Airways by 962.8% in the 1st quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock valued at $7,659,000 after purchasing an additional 1,439,435 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of JetBlue Airways by 64.1% during the 1st quarter. Quantbot Technologies LP now owns 1,119,099 shares of the transportation company’s stock worth $5,394,000 after buying an additional 437,082 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of JetBlue Airways by 29.7% during the 1st quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company’s stock worth $4,648,000 after buying an additional 221,036 shares during the last quarter. Finally, Nuveen LLC bought a new position in JetBlue Airways in the first quarter valued at about $6,130,000. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

(Get Free Report)

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.

Further Reading