JetBlue Airways (NASDAQ:JBLU) Upgraded at JPMorgan Chase & Co.

JetBlue Airways (NASDAQ:JBLU) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $7.00 target price on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 2.49% from the stock’s current price.

JBLU has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Susquehanna boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Barclays assumed coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 target price on the stock. Evercore ISI upped 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. Finally, UBS Group assumed coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 target price on the stock. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.86.

JetBlue Airways Stock Up 4.6 %

Shares of NASDAQ JBLU opened at $6.83 on Thursday. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $9.45. The firm has a fifty day moving average of $6.89 and a 200-day moving average of $5.58. The stock has a market capitalization of $2.32 billion, a PE ratio of -7.27 and a beta of 1.86. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results 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 net margin of 3.23% and a negative return on equity of 4.41%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. On average, analysts anticipate that JetBlue Airways will post -0.72 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in JetBlue Airways by 27.4% in the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock worth $1,955,000 after purchasing an additional 91,403 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of JetBlue Airways by 136.3% in the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock valued at $11,412,000 after acquiring an additional 1,431,113 shares in the last quarter. U S Global Investors Inc. boosted its holdings in shares of JetBlue Airways by 12.4% in the third quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company’s stock valued at $36,236,000 after acquiring an additional 866,863 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of JetBlue Airways by 9.4% in the third quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock valued at $1,737,000 after acquiring an additional 32,516 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of JetBlue Airways by 173.7% in the third quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock valued at $749,000 after acquiring an additional 103,384 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

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.