Barclays Issues Pessimistic Forecast for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its price objective reduced by research analysts at Barclays from $7.00 to $4.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 9.74% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Susquehanna dropped their price objective on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup raised their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Raymond James upgraded JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Monday. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and a consensus price target of $5.45.

JetBlue Airways Trading Down 10.0 %

JBLU traded down $0.41 during midday trading on Tuesday, hitting $3.65. 27,199,090 shares of the company were exchanged, compared to its average volume of 17,887,703. The firm’s 50 day moving average price is $5.99 and its 200-day moving average price is $6.60. JetBlue Airways has a 1-year low of $3.61 and a 1-year high of $8.31. The firm has a market capitalization of $1.29 billion, a P/E ratio of -1.56 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period last year, the company posted ($0.19) EPS. As a group, equities analysts forecast that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nik Mittal acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JBLU. CIBC Asset Management Inc raised its holdings in JetBlue Airways by 6.4% during the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,823 shares during the last quarter. Xponance Inc. raised its stake in JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after buying an additional 2,095 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after buying an additional 2,284 shares during the last quarter. Blue Trust Inc. raised its position in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of JetBlue Airways by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company’s stock worth $257,000 after acquiring an additional 2,666 shares during the period. Hedge funds and other 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.