JetBlue Airways (NASDAQ:JBLU) Receives New Coverage from Analysts at Barclays

Posted by Defense World Staff on Mar 28th, 2024

Barclays began coverage on shares of JetBlue Airways (NASDAQ:JBLU – Free Report) in a research report report published on Wednesday, Marketbeat reports. The firm issued an underweight rating and a $6.00 price target on the transportation company’s stock.

A number of other equities analysts have also issued reports on JBLU. Bank of America lowered JetBlue Airways from a neutral rating to an underperform rating and reduced their target price for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a hold rating to a buy rating and boosted their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Finally, UBS Group began coverage on JetBlue Airways in a report on Wednesday, March 20th. They issued a sell rating and a $5.00 price objective for the company. Seven investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Reduce and an average price target of $5.53.

Check Out Our Latest Report on JBLU

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $7.41 on Wednesday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -7.88 and a beta of 1.85. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The business has a fifty day moving average of $6.42 and a 200 day moving average of $5.35. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. As a group, research analysts expect that JetBlue Airways will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in shares of JetBlue Airways by 27.4% in the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock valued at $1,955,000 after purchasing an additional 91,403 shares in the last quarter. AQR Capital Management LLC increased its stake in JetBlue Airways by 136.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after buying an additional 1,431,113 shares in the last quarter. U S Global Investors Inc. increased its stake in JetBlue Airways by 12.4% during the 3rd quarter. U S Global Investors Inc. now owns 7,877,417 shares of the transportation company’s stock worth $36,236,000 after buying an additional 866,863 shares in the last quarter. Citigroup Inc. increased its stake in JetBlue Airways by 9.4% during the 3rd quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock worth $1,737,000 after buying an additional 32,516 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in JetBlue Airways by 173.7% during the 3rd quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock worth $749,000 after buying an additional 103,384 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

(Get Free Report)

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.