JetBlue Airways (NASDAQ:JBLU) Stock Price Down 5.2% – What’s Next?

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Barclays increased their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Bank of America reiterated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.51.

JetBlue Airways Price Performance

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 firm has a market capitalization of $2.12 billion, a PE ratio of -2.62 and a beta of 1.83. The business has a 50-day moving average of $7.20 and a 200 day moving average of $6.43.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) 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 period last year, the business posted ($0.19) earnings per share. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC boosted its holdings in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways in the third quarter worth about $28,000. Blue Trust Inc. boosted its stake in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of JetBlue Airways during the 4th quarter valued at approximately $40,000. Finally, R Squared Ltd purchased a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $58,000. Institutional investors own 83.71% of the company’s stock.

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.