JetBlue Airways Co. (NASDAQ:JBLU – Get Free Report)’s stock price traded up 6.5% during trading on Tuesday . The stock traded as high as $8.04 and last traded at $8.14. 6,079,998 shares were traded during trading, a decline of 60% from the average session volume of 15,301,163 shares. The stock had previously closed at $7.64.
Analyst Upgrades and Downgrades
JBLU has been the topic of several research reports. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Susquehanna upped their target price on JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $6.69.
View Our Latest Stock Analysis on JBLU
JetBlue Airways Price Performance
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.39) EPS. As a group, equities analysts anticipate that JetBlue Airways Co. will post -0.83 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Maverick Capital Ltd. raised its holdings in shares of JetBlue Airways by 136.1% in the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after buying an additional 141,605 shares during the period. Quantbot Technologies LP increased its stake in JetBlue Airways by 56.7% during the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares during the period. Jade Capital Advisors LLC increased its stake in JetBlue Airways by 800.0% during the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 400,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 13.3% during 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 purchasing an additional 663,865 shares in the last quarter. Finally, Privium Fund Management UK Ltd purchased a new position in shares of JetBlue Airways in the third quarter valued at approximately $794,000. Institutional investors and hedge funds 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.
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