JetBlue Airways (NASDAQ:JBLU) Downgraded by Seaport Res Ptn to Hold

Seaport Res Ptn downgraded shares of JetBlue Airways (NASDAQ:JBLU) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Evercore ISI lifted their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Barclays boosted their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.69.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $6.10 on Tuesday. The company has a fifty day moving average price of $7.18 and a 200 day moving average price of $6.43. The firm has a market cap of $2.12 billion, a PE ratio of -2.42 and a beta of 1.84. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter in the previous year, the company earned ($0.19) earnings per share. Research analysts predict that JetBlue Airways will post -0.81 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways in the 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways in the 2nd quarter worth about $34,000. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the 4th quarter worth approximately $40,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.