TD Cowen Lowers JetBlue Airways (NASDAQ:JBLU) Price Target to $6.00

JetBlue Airways (NASDAQ:JBLU - Free Report) had its price target decreased by TD Cowen from $7.00 to $6.00 in a research report released on Tuesday, Marketbeat reports. TD Cowen currently has a hold rating on the transportation company's stock.

Several other research firms have also commented on JBLU. Barclays started coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They set an underweight rating and a $6.00 price target for the company. Bank of America lowered 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 research note on Tuesday, January 9th. Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a research note on Tuesday, April 9th. Evercore ISI boosted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an in-line rating in a report on Thursday, April 4th. Finally, UBS Group assumed coverage on shares of 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 equities 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 company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $5.88.

JetBlue Airways Stock Down 18.8 %

Shares of JBLU stock traded down $1.41 on Tuesday, hitting $6.10. The stock had a trading volume of 36,944,636 shares, compared to its average volume of 16,832,992. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.32. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The business has a 50 day moving average price of $6.94 and a 200 day moving average price of $5.65. The company has a market cap of $2.07 billion, a PE ratio of -6.49 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. The firm had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.29 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The company's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Research analysts anticipate that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New Mexico Educational Retirement Board acquired a new position in JetBlue Airways in the 1st quarter valued at $486,000. PFG Investments LLC raised its position in shares of JetBlue Airways by 507.0% in the first quarter. PFG Investments LLC now owns 70,691 shares of the transportation company's stock valued at $525,000 after buying an additional 59,045 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the first quarter valued at about $25,000. Chesley Taft & Associates LLC purchased a new position in shares of JetBlue Airways in the first quarter worth about $260,000. Finally, GAMMA Investing LLC boosted its position in JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock worth $28,000 after acquiring an additional 2,377 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

About JetBlue Airways

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.