JetBlue Airways (NASDAQ:JBLU) Sees Strong Trading Volume

JetBlue Airways Co. (NASDAQ:JBLUGet Rating) shares saw an uptick in trading volume on Thursday . 346,416 shares were traded during trading, a decline of 96% from the previous session’s volume of 9,501,248 shares.The stock last traded at $13.89 and had previously closed at $13.05.

A number of brokerages have recently issued reports on JBLU. Raymond James downgraded JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. Barclays reduced their price target on JetBlue Airways from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 14th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the stock from $21.00 to $16.00 in a research report on Friday. MKM Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, April 11th. Finally, Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Friday, February 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, JetBlue Airways has an average rating of “Hold” and an average price target of $17.95.

The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.93. The company has a market capitalization of $4.13 billion, a PE ratio of -22.19 and a beta of 1.39. The firm’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $14.38.

JetBlue Airways (NASDAQ:JBLUGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The transportation company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.04. JetBlue Airways had a negative net margin of 3.01% and a negative return on equity of 21.61%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company earned ($1.53) earnings per share. The firm’s revenue was up 177.5% on a year-over-year basis. On average, equities research analysts anticipate that JetBlue Airways Co. will post -0.24 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Zullo Investment Group Inc. purchased a new stake in shares of JetBlue Airways during the 4th quarter worth about $27,000. Geneos Wealth Management Inc. boosted its stake in shares of JetBlue Airways by 148.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,093 shares of the transportation company’s stock worth $29,000 after acquiring an additional 1,250 shares in the last quarter. Sandy Cove Advisors LLC purchased a new stake in shares of JetBlue Airways during the 4th quarter worth about $30,000. Herold Advisors Inc. purchased a new stake in shares of JetBlue Airways during the 3rd quarter worth about $32,000. Finally, UMB Bank N A MO purchased a new stake in shares of JetBlue Airways during the 4th quarter worth about $32,000. 76.69% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile (NASDAQ:JBLU)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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