JetBlue Airways (NASDAQ:JBLU - Free Report) had its price target decreased by JPMorgan Chase & Co. from $7.00 to $6.00 in a report issued on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company's stock.
Other equities research analysts have also recently issued research reports about the stock. Bank of America cut shares of JetBlue Airways from a neutral rating to an underperform rating and dropped their price objective for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and raised their price objective for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Evercore ISI raised 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 note on Thursday, April 4th. UBS Group began coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a sell rating and a $5.00 price objective on the stock. Finally, 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 research note on Tuesday, April 9th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, JetBlue Airways has an average rating of Hold and a consensus price target of $5.78.
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JetBlue Airways Stock Performance
JBLU traded down $0.19 during trading on Wednesday, reaching $5.91. 21,486,484 shares of the company's stock were exchanged, compared to its average volume of 16,893,547. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45. 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 stock has a market capitalization of $2.01 billion, a P/E ratio of -6.33 and a beta of 1.86. The company's fifty day simple moving average is $6.94 and its 200-day simple moving average is $5.65.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the firm posted ($0.34) EPS. JetBlue Airways's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, research analysts predict that JetBlue Airways will post -0.72 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in JetBlue Airways by 27.4% in the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company's stock valued at $1,955,000 after purchasing an additional 91,403 shares in the last quarter. AQR Capital Management LLC lifted its holdings in JetBlue Airways by 136.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company's stock valued at $11,412,000 after purchasing an additional 1,431,113 shares in the last quarter. Citigroup Inc. lifted its holdings in JetBlue Airways by 9.4% in the 3rd quarter. Citigroup Inc. now owns 377,628 shares of the transportation company's stock valued at $1,737,000 after purchasing an additional 32,516 shares in the last quarter. Quantbot Technologies LP lifted its holdings in JetBlue Airways by 173.7% in the 3rd quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company's stock valued at $749,000 after purchasing an additional 103,384 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company's stock valued at $168,845,000 after purchasing an additional 3,099,071 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.
About JetBlue Airways
(
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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.
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