JetBlue Airways (NASDAQ:JBLU) Given New $6.00 Price Target at JPMorgan Chase & Co.

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

JBLU has been the topic of a number of other reports. UBS Group began coverage on JetBlue Airways in a report on Wednesday, March 20th. They set a sell rating and a $5.00 price target on the stock. TD Cowen reduced their target price on JetBlue Airways from $7.00 to $6.00 and set a hold rating for the company in a research note on Tuesday. Bank of America downgraded JetBlue Airways from a neutral rating to an underperform rating and dropped their price target for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Barclays started coverage on JetBlue Airways in a report on Wednesday, March 27th. They issued an underweight rating and a $6.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a hold rating to a buy rating and lifted their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Five equities research 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 data from MarketBeat, JetBlue Airways has an average rating of Hold and a consensus target price of $5.78.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $5.78 on Wednesday. The business has a fifty day moving average of $6.86 and a two-hundred day moving average of $5.66. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. 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 earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned ($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 forecast that JetBlue Airways will post -0.91 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in JetBlue Airways during the first quarter worth about $25,000. GAMMA Investing LLC lifted its position 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 worth $28,000 after acquiring an additional 2,377 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of JetBlue Airways in the first quarter worth $30,000. Performa Ltd US LLC raised its stake in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 2,800 shares during the period. Finally, Versant Capital Management Inc boosted its stake in JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares during the period. Institutional investors own 83.71% of the company’s stock.

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.