JetBlue Airways (NASDAQ:JBLU) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

JetBlue Airways (NASDAQ:JBLU) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has a $5.50 target price on the transportation company’s stock, up from their previous target price of $3.00. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential upside of 49.86% from the stock’s previous close.

A number of other research analysts also recently commented on JBLU. BMO Capital Markets dropped their price objective on shares of JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research note on Monday, September 28th. TD Cowen lowered 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. Barclays lowered their price objective on shares of JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday, October 15th. Finally, Susquehanna cut their target price on JetBlue Airways from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.94.

JetBlue Airways Trading Up 5.2%

JBLU traded up $0.18 during trading on Thursday, hitting $3.67. The company’s stock had a trading volume of 22,425,660 shares, compared to its average volume of 35,075,280. JetBlue Airways has a twelve month low of $2.16 and a twelve month high of $6.62. The stock has a market cap of $1.38 billion, a PE ratio of -1.37 and a beta of 1.90. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $4.88. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.63 and a quick ratio of 0.55.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Monday, October 26th. The transportation company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.05). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. JetBlue Airways’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.40) EPS. On average, analysts expect that JetBlue Airways will post -2.68 earnings per share for the current year.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average price of $3.24 per share, for a total transaction of $324,000.00. Following the acquisition, the director owned 238,537 shares of the company’s stock, valued at $772,859.88. The trade was a 72.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 6,000 shares of company stock valued at $23,920 over the last ninety days. 2.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its position in JetBlue Airways by 61.1% in the third quarter. Maryland State Retirement & Pension System now owns 69,798 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 26,484 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in JetBlue Airways during the 3rd quarter valued at $619,000. Pictet Asset Management Holding SA grew its holdings in JetBlue Airways by 59.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 19,288 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 7,158 shares in the last quarter. CenterBook Partners LP purchased a new stake in JetBlue Airways during the 3rd quarter worth $145,000. Finally, Kestra Advisory Services LLC increased its stake in JetBlue Airways by 35.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 13,682 shares of the transportation company’s stock worth $58,000 after buying an additional 3,577 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.