JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $5.00

JetBlue Airways (NASDAQ:JBLU) had its price target boosted by TD Cowen from $4.00 to $5.00 in a report released on Monday, Marketbeat reports. The firm currently has a hold rating on the transportation company’s stock.

JBLU has been the topic of a number of other reports. Raymond James Financial cut shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Citigroup set a $5.00 price target on shares of JetBlue Airways and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Susquehanna reiterated a “neutral” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, May 15th. Finally, Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Eight research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $5.16.

JetBlue Airways Stock Down 1.2%

JBLU stock opened at $5.08 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The company’s 50 day moving average is $4.76 and its 200 day moving average is $4.81. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -4.62 and a beta of 1.81. JetBlue Airways has a 1-year low of $3.34 and a 1-year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Sell-side analysts predict that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. First Trust Advisors LP purchased a new stake in JetBlue Airways in the fourth quarter worth $103,000. Northern Trust Corp lifted its stake in JetBlue Airways by 9.2% in the fourth quarter. Northern Trust Corp now owns 3,209,254 shares of the transportation company’s stock worth $25,225,000 after acquiring an additional 270,002 shares during the period. Deutsche Bank AG lifted its stake in JetBlue Airways by 53.4% in the fourth quarter. Deutsche Bank AG now owns 256,183 shares of the transportation company’s stock worth $2,014,000 after acquiring an additional 89,131 shares during the period. Janus Henderson Group PLC purchased a new stake in JetBlue Airways in the fourth quarter worth $275,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in JetBlue Airways in the fourth quarter worth $1,958,000. 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.