Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) PT at $5.78

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment 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. The average 1 year target price among analysts that have covered the stock in the last year is $5.78.

A number of analysts recently weighed in on JBLU shares. UBS Group started coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Evercore ISI lifted their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently modified their holdings of JBLU. CWM LLC lifted its stake in shares of JetBlue Airways by 458.5% in the 3rd quarter. CWM LLC now owns 26,836 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 22,031 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of JetBlue Airways by 57.7% in the 3rd quarter. SG Americas Securities LLC now owns 351,648 shares of the transportation company’s stock valued at $1,618,000 after purchasing an additional 128,716 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of JetBlue Airways by 410.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 207,484 shares of the transportation company’s stock valued at $954,000 after purchasing an additional 166,847 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of JetBlue Airways by 19.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 48,400 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at $565,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $5.78 on Friday. The firm’s 50 day moving average is $6.86 and its two-hundred day moving average is $5.67. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $1.97 billion, a P/E ratio of -2.34 and a beta of 1.86. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted ($0.34) earnings per share. Analysts anticipate that JetBlue Airways will post -1.01 earnings per share for the current year.

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.