JetBlue Airways (NASDAQ:JBLU) Price Target Cut to $4.00

JetBlue Airways (NASDAQ:JBLU) had its price objective decreased by equities research analysts at TD Cowen from $6.00 to $4.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price indicates a potential downside of 33.55% from the company’s previous close.

JBLU has been the subject of a number of other research reports. Barclays lowered their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Monday, May 6th. Evercore ISI increased 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. Citigroup lowered their price target on shares of JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, May 29th. Susquehanna raised their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Five 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.55.

JetBlue Airways Trading Down 4.4 %

Shares of JetBlue Airways stock opened at $6.02 on Wednesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -2.44 and a beta of 1.93. The business has a 50-day moving average price of $5.77 and a 200-day moving average price of $6.10. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $8.96.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) earnings per share. Equities research analysts anticipate that JetBlue Airways will post -1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its stake in JetBlue Airways by 325.6% in the fourth quarter. Quadrant Capital Group LLC now owns 25,198 shares of the transportation company’s stock worth $140,000 after buying an additional 19,278 shares in the last quarter. Vanguard Group Inc. raised its stake in JetBlue Airways by 9.2% in the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after buying an additional 3,099,071 shares in the last quarter. BNP Paribas Financial Markets raised its stake in JetBlue Airways by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 486,676 shares of the transportation company’s stock worth $3,611,000 after buying an additional 84,766 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in JetBlue Airways by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock worth $2,159,000 after buying an additional 4,157 shares in the last quarter. Finally, CWM LLC raised its stake in JetBlue Airways by 20.2% in the first quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock worth $224,000 after buying an additional 5,069 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

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.