Equities research analysts at Credit Suisse Group initiated coverage on shares of JetBlue Airways (NASDAQ:JBLU) in a research report issued on Monday. The firm set an “underperform” rating and a $16.00 price target on the transportation company’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 9.83% from the stock’s previous close.

JBLU has been the topic of a number of other reports. BidaskClub upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Tuesday, October 30th. Goldman Sachs Group began coverage on shares of JetBlue Airways in a research note on Monday, November 12th. They set a “buy” rating and a $24.00 price objective on the stock. Bank of America set a $16.00 price objective on shares of JetBlue Airways and gave the company a “sell” rating in a research note on Wednesday, October 3rd. Finally, Wolfe Research raised JetBlue Airways from an “underperform” rating to a “peer perform” rating in a report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. JetBlue Airways has a consensus rating of “Hold” and an average price target of $20.56.

JBLU stock traded down $0.29 during mid-day trading on Monday, reaching $17.75. The company had a trading volume of 862,581 shares, compared to its average volume of 5,091,391. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.63 and a beta of 0.65. JetBlue Airways has a one year low of $15.76 and a one year high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. As a group, analysts predict that JetBlue Airways will post 1.44 EPS for the current fiscal year.

In related news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $38,240.00. Following the transaction, the chief executive officer now directly owns 436,803 shares in the company, valued at approximately $8,351,673.36. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. raised its stake in JetBlue Airways by 64.4% during the 2nd quarter. Donald Smith & CO. Inc. now owns 6,941,452 shares of the transportation company’s stock worth $131,749,000 after buying an additional 2,719,980 shares during the period. Renaissance Technologies LLC grew its holdings in shares of JetBlue Airways by 103.9% in the third quarter. Renaissance Technologies LLC now owns 3,217,604 shares of the transportation company’s stock valued at $62,293,000 after acquiring an additional 1,639,285 shares in the last quarter. Scout Investments Inc. bought a new position in shares of JetBlue Airways in the third quarter valued at approximately $25,623,000. LSV Asset Management grew its holdings in shares of JetBlue Airways by 18.3% in the second quarter. LSV Asset Management now owns 7,553,189 shares of the transportation company’s stock valued at $143,359,000 after acquiring an additional 1,168,454 shares in the last quarter. Finally, Carillon Tower Advisers Inc. bought a new position in shares of JetBlue Airways in the third quarter valued at approximately $17,212,000. 86.87% of the stock is currently owned by institutional investors.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading: Investing strategies using the yield curve

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.