JetBlue Airways (NASDAQ:JBLU) PT Lowered to $10.00 at Deutsche Bank Aktiengesellschaft

JetBlue Airways (NASDAQ:JBLU – Get Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $16.00 to $10.00 in a research note issued to investors on Wednesday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. TheStreet downgraded shares of JetBlue Airways from a c- rating to a d+ rating in a research report on Thursday, May 12th. JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an overweight rating to an underweight rating and cut their target price for the stock from $24.00 to $12.00 in a research report on Tuesday, April 26th. Raymond James downgraded shares of JetBlue Airways from an outperform rating to a market perform rating in a research report on Wednesday, April 6th. MKM Partners upgraded shares of JetBlue Airways from a neutral rating to a buy rating and set a $13.00 target price for the company in a research report on Monday, April 11th. Finally, Evercore ISI cut their target price on shares of JetBlue Airways from $13.00 to $10.00 and set an in-line rating for the company in a research report on Monday, June 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $14.04.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU opened at $8.68 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.81. JetBlue Airways has a 52 week low of $7.87 and a 52 week high of $16.65. The firm has a 50 day simple moving average of $8.82 and a 200 day simple moving average of $11.68.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The transportation company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.36). The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.46 billion. JetBlue Airways had a negative net margin of 5.53% and a negative return on equity of 14.85%. The firm’s revenue was up 63.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.64) EPS. Research analysts forecast that JetBlue Airways will post -0.78 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of JetBlue Airways by 35.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company’s stock worth $135,659,000 after acquiring an additional 2,366,863 shares during the period. Samlyn Capital LLC bought a new position in shares of JetBlue Airways during the 4th quarter worth about $23,103,000. Panagora Asset Management Inc. bought a new position in shares of JetBlue Airways during the 1st quarter worth about $15,138,000. Bank of Montreal Can lifted its holdings in shares of JetBlue Airways by 420.0% during the 4th quarter. Bank of Montreal Can now owns 1,250,946 shares of the transportation company’s stock worth $17,813,000 after acquiring an additional 1,010,359 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of JetBlue Airways by 2,816.5% during the 1st quarter. Pacer Advisors Inc. now owns 959,536 shares of the transportation company’s stock worth $14,345,000 after acquiring an additional 926,636 shares during the period. 78.26% of the stock is owned by institutional investors.

JetBlue Airways Company Profile

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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.