JetBlue Airways (NASDAQ:JBLU) Receives “Equal Weight” Rating from Morgan Stanley

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a note issued to investors on Wednesday,Benzinga reports. They currently have a $8.00 price objective on the transportation company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 17.99% from the company’s previous close.

JBLU has been the subject of several other research reports. Barclays raised their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Susquehanna increased their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. TD Cowen increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and an average price target of $6.57.

JetBlue Airways Trading Down 0.6 %

Shares of JBLU opened at $6.78 on Wednesday. The business’s 50-day moving average price is $6.56 and its 200 day moving average price is $5.96. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $2.35 billion, a P/E ratio of -2.69 and a beta of 1.92. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for 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 firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) earnings per share. Analysts expect that JetBlue Airways will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently bought and sold shares of the business. Maverick Capital Ltd. raised its holdings in JetBlue Airways by 136.1% during the third 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 in the last quarter. Quantbot Technologies LP lifted its holdings in JetBlue Airways by 56.7% in the 3rd 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 last quarter. Jade Capital Advisors LLC lifted its holdings in JetBlue Airways by 800.0% in the 3rd 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in JetBlue Airways during the third quarter valued at approximately $794,000. 83.71% of the stock is currently owned by institutional investors.

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.