JetBlue Airways (NASDAQ:JBLU) PT Lowered to $6.00

JetBlue Airways (NASDAQ:JBLU) had its price target reduced by equities researchers at TD Cowen from $7.00 to $6.00 in a note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 1.52% from the stock’s previous close.

Several other analysts also recently weighed in on JBLU. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and boosted their price target for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upgraded JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 price target on the stock in a research note on Thursday, April 18th. Bank of America downgraded JetBlue Airways from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Evercore ISI upped their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Finally, Barclays assumed coverage on JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 target price on the stock. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Trading Down 3.1 %

Shares of NASDAQ:JBLU opened at $5.91 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. The business’s 50-day moving average is $6.91 and its 200 day moving average is $5.65. The firm has a market capitalization of $2.01 billion, a P/E ratio of -6.29 and a beta of 1.86. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.34) EPS. On average, research analysts predict that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

A number of large investors have recently bought and sold shares of JBLU. Versant Capital Management Inc raised its holdings in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,861 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of JetBlue Airways by 3.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock valued at $324,000 after acquiring an additional 2,178 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of JetBlue Airways by 12.5% during the fourth quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 2,717 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of JetBlue Airways by 72.8% during the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.