JetBlue Airways (NASDAQ:JBLU) Stock Price Down 5.2% – Should You Sell?

JetBlue Airways Co. (NASDAQ:JBLU) shares traded down 5.2% on Monday . The stock traded as low as $6.08 and last traded at $6.24. 9,719,958 shares were traded during mid-day trading, a decline of 62% from the average session volume of 25,857,682 shares. The stock had previously closed at $6.58.

Analyst Ratings Changes

Several research firms have commented on JBLU. UBS Group dropped their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Barclays raised their price objective 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. Morgan Stanley reissued an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Bank of America reaffirmed an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.51.

JetBlue Airways Trading Down 1.0 %

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock has a market cap of $2.12 billion, a P/E ratio of -2.62 and a beta of 1.83. The stock has a 50-day moving average price of $7.20 and a 200-day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same quarter last year, the firm earned ($0.19) earnings per share. On average, equities research analysts expect that JetBlue Airways Co. will post -0.58 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after buying an additional 663,865 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. SG Americas Securities LLC raised its position in JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after purchasing an additional 1,444,491 shares during the period. Principal Financial Group Inc. lifted its stake in JetBlue Airways by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company’s stock worth $11,378,000 after purchasing an additional 40,452 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in JetBlue Airways by 8.3% during the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after buying an additional 107,293 shares during the period. 83.71% of the stock is currently 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.