JetBlue Airways (NASDAQ:JBLU) Given New $5.00 Price Target at Barclays

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by Barclays from $6.00 to $5.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an underweight rating on the transportation company’s stock.

JBLU has been the topic of a number of other research reports. 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 target price on the stock. Evercore ISI boosted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the stock an in-line rating in a research report on Thursday, April 4th. Bank of America lowered JetBlue Airways from a neutral rating to an underperform rating and decreased their target price for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. JPMorgan Chase & Co. cut their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a neutral rating on the stock in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a hold rating to a buy rating and increased their price target for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $5.68.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $5.93 on Monday. The business has a 50-day simple moving average of $6.75 and a 200 day simple moving average of $5.73. 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. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -2.40 and a beta of 1.89.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the firm posted ($0.34) earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts anticipate that JetBlue Airways will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Allspring Global Investments Holdings LLC purchased a new position in shares of JetBlue Airways in the first quarter valued at $25,000. Performa Ltd US LLC grew its holdings in 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 buying an additional 2,800 shares in the last quarter. GAMMA Investing LLC increased 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 valued at $28,000 after buying an additional 2,377 shares during the period. Signaturefd LLC lifted its holdings in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after buying an additional 2,751 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new position in shares of JetBlue Airways in the first quarter valued at approximately $30,000. 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.