JetBlue Airways (NASDAQ:JBLU) Given New $6.00 Price Target at TD Cowen

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

JBLU has been the subject of a number of other research reports. JPMorgan Chase & Co. raised JetBlue Airways from an underweight rating to a neutral rating and set a $7.00 price target for the company in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and raised their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. 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 research report on Tuesday, April 9th. UBS Group assumed coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They issued a sell rating and a $5.00 price objective for the company. Finally, Bank of America cut JetBlue Airways from a neutral rating to an underperform rating and cut their price objective for the company from $6.00 to $3.00 in a research report on Tuesday, January 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $5.78.

JetBlue Airways Stock Down 3.2 %

Shares of NASDAQ JBLU opened at $5.72 on Tuesday. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The firm’s 50 day simple moving average is $6.89 and its two-hundred day simple moving average is $5.65. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.34) EPS. As a group, sell-side analysts anticipate that JetBlue Airways will post -0.72 EPS for the current year.

Institutional Inflows and Outflows

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