JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) saw unusually large options trading activity on Monday. Stock traders bought 63,915 put options on the stock. This represents an increase of approximately 39% compared to the average daily volume of 46,082 put options.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Barclays dropped their price objective on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. BMO Capital Markets dropped their price objective on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research report on Monday, September 28th. Seaport Research Partners lowered shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. TD Cowen dropped their price objective on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, August 24th. Finally, Citigroup raised JetBlue Airways from a “sell” rating to a “neutral” rating and lowered their price target for the company from $5.30 to $4.50 in a research report on Tuesday, October 6th. Nine investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.89.
View Our Latest Stock Report on JBLU
JetBlue Airways Stock Performance
Shares of NASDAQ JBLU traded up $0.32 during trading on Monday, reaching $3.17. The stock had a trading volume of 30,513,729 shares, compared to its average volume of 26,532,877. The firm’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $4.92. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.55 and a current ratio of 0.63. JetBlue Airways has a one year low of $2.16 and a one year high of $6.62. The stock has a market cap of $1.20 billion, a PE ratio of -1.18 and a beta of 1.90.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.05). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative net margin of 10.01% and a negative return on equity of 56.96%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm posted ($0.40) earnings per share. On average, research analysts forecast that JetBlue Airways will post -2.73 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. U S Global Investors Inc. lifted its stake in shares of JetBlue Airways by 8.4% in the 3rd quarter. U S Global Investors Inc. now owns 6,501,298 shares of the transportation company’s stock worth $27,500,000 after acquiring an additional 505,067 shares during the period. Bank of America Corp DE bought a new position in JetBlue Airways during the second quarter valued at about $20,022,000. Primecap Management Co. CA bought a new stake in JetBlue Airways in the second quarter worth about $13,549,000. Bank of New York Mellon Corp acquired a new stake in JetBlue Airways in the 2nd quarter valued at about $11,336,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $10,748,000. 83.71% of the stock is owned by institutional investors and hedge funds.
JetBlue Airways Company Profile
JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.
JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.
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