JetBlue Airways (NASDAQ:JBLU) Price Target Lowered to $5.00 at Barclays

JetBlue Airways (NASDAQ:JBLU - Free Report) had its price target trimmed by Barclays from $6.00 to $5.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an underweight rating on the transportation company's stock.

JBLU has been the subject of several other research reports. Susquehanna boosted 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. Bank of America lowered shares of JetBlue Airways from a neutral rating to an underperform rating and decreased their price target for the company from $6.00 to $3.00 in a report on Tuesday, January 9th. UBS Group began coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a sell rating and a $5.00 price target for the company. Evercore ISI boosted their price target on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an in-line rating in a report on Thursday, April 4th. Finally, TD Cowen reduced their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a hold rating for the company in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $5.68.

JetBlue Airways Trading Up 2.2 %

Shares of JetBlue Airways stock traded up $0.13 on Monday, hitting $5.93. 12,276,453 shares of the company's stock traded hands, compared to its average volume of 16,485,414. The firm's 50-day moving average price is $6.75 and its two-hundred day moving average price is $5.73. The stock has a market capitalization of $2.02 billion, a PE ratio of -2.40 and a beta of 1.89. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. The company 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 5.72%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.34) EPS. On average, research analysts expect that JetBlue Airways will post -1.01 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of JetBlue Airways by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company's stock valued at $205,681,000 after purchasing an additional 354,086 shares during the period. Donald Smith & CO. Inc. raised its holdings in shares of JetBlue Airways by 12.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,450,690 shares of the transportation company's stock valued at $69,101,000 after purchasing an additional 1,354,786 shares during the period. U S Global Investors Inc. raised its holdings in shares of JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company's stock valued at $54,286,000 after purchasing an additional 1,903,910 shares during the period. American Century Companies Inc. raised its holdings in shares of JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company's stock valued at $21,052,000 after purchasing an additional 1,518,328 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of JetBlue Airways by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company's stock valued at $21,431,000 after purchasing an additional 186,185 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.