Deutsche Bank Aktiengesellschaft Downgrades JetBlue Airways (NASDAQ:JBLU) to Hold

Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways (NASDAQ:JBLU) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $7.00 price target on the transportation company’s stock, down from their prior price target of $9.00.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group dropped their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. 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. Finally, Barclays increased their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Price Performance

JBLU stock opened at $6.10 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways has a one year low of $4.50 and a one year high of $8.31. The firm has a market capitalization of $2.15 billion, a PE ratio of -2.61 and a beta of 1.83. The firm has a 50-day moving average of $7.08 and a two-hundred day moving average of $6.58.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the prior year, the business posted ($0.19) EPS. On average, analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds have recently modified their holdings of the business. Entropy Technologies LP bought a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $787,000. Maverick Capital Ltd. boosted its position in shares of JetBlue Airways by 136.1% in the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after acquiring an additional 141,605 shares during the period. Quantbot Technologies LP boosted its position in shares of JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after acquiring an additional 334,032 shares during the period. Empowered Funds LLC boosted its position in shares of JetBlue Airways by 8.3% in the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after acquiring an additional 107,293 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of JetBlue Airways by 13.3% in 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 acquiring an additional 663,865 shares during the period. 83.71% of the stock is 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.