JPMorgan Chase & Co. Trims JetBlue Airways (NASDAQ:JBLU) Target Price to $6.00

JetBlue Airways (NASDAQ:JBLU) had its price target decreased by JPMorgan Chase & Co. from $7.00 to $6.00 in a research report report published on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Several other analysts have also recently issued reports on the company. Evercore ISI upped their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an in-line rating in a research note on Thursday, April 4th. TD Cowen dropped their price target on JetBlue Airways from $7.00 to $6.00 and set a hold rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and lifted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. Susquehanna lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Finally, UBS Group started coverage on JetBlue Airways in a research note on Wednesday, March 20th. They issued a sell rating and a $5.00 target price for the company. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $5.78.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $5.78 on Wednesday. The stock has a 50 day moving average of $6.86 and a 200-day moving average of $5.66. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the business earned ($0.34) EPS. Equities analysts expect that JetBlue Airways will post -0.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in JetBlue Airways in the first quarter worth about $25,000. Performa Ltd US LLC lifted its stake in shares of JetBlue Airways by 96.6% in the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after acquiring an additional 2,800 shares during the period. GAMMA Investing LLC increased its stake 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 period. Signaturefd LLC increased its stake 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 period. Finally, YHB Investment Advisors Inc. acquired a new stake in JetBlue Airways in the first quarter worth approximately $30,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.