UBS Group Reaffirms Sell Rating for JetBlue Airways (NASDAQ:JBLU)

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “sell” rating reiterated by analysts at UBS Group in a note issued to investors on Tuesday, Marketbeat reports. They presently have a $5.00 price target on the transportation company’s stock. UBS Group’s target price suggests a potential downside of 16.11% from the stock’s previous close.

JBLU has been the subject of a number of other research reports. Susquehanna upped their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. TD Cowen increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Citigroup boosted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Barclays raised their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Stock Up 0.8 %

Shares of JetBlue Airways stock opened at $5.96 on Tuesday. JetBlue Airways has a 12 month low of $4.10 and a 12 month high of $8.07. The business has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $5.93. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock has a market cap of $2.07 billion, a PE ratio of -2.37 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business posted ($0.39) EPS. JetBlue Airways’s revenue was up .5% on a year-over-year basis. Research analysts predict that JetBlue Airways will post -0.92 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of JetBlue Airways in the 3rd quarter valued at about $307,000. Y Intercept Hong Kong Ltd acquired a new position in JetBlue Airways during the third quarter valued at approximately $1,973,000. XTX Topco Ltd grew its stake in JetBlue Airways by 186.4% in the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock valued at $701,000 after purchasing an additional 69,584 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $1,761,000. Finally, Stifel Financial Corp raised its stake in shares of JetBlue Airways by 21.4% during the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock worth $3,444,000 after purchasing an additional 92,468 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

About JetBlue Airways

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.