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

JetBlue Airways (NASDAQ:JBLU) had its price target reduced by analysts at TD Cowen from $7.00 to $6.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target points to a potential upside of 1.52% from the company’s current price.

Several other equities analysts have also issued reports on JBLU. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Evercore ISI lifted their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. UBS Group initiated coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Finally, Barclays began coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price for the company. Five 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’s stock. According to MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $5.78.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.91 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. JetBlue Airways has a one year low of $3.42 and a one year high of $9.45. The company has a 50-day simple moving average of $6.91 and a two-hundred day simple moving average of $5.65. The firm has a market capitalization of $2.01 billion, a PE ratio of -6.29 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business posted ($0.34) earnings per share. JetBlue Airways’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts anticipate that JetBlue Airways will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in JetBlue Airways by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company’s stock worth $205,681,000 after purchasing an additional 354,086 shares during the period. Donald Smith & CO. Inc. grew its position in JetBlue Airways by 12.2% in the 4th quarter. Donald Smith & CO. Inc. now owns 12,450,690 shares of the transportation company’s stock worth $69,101,000 after purchasing an additional 1,354,786 shares during the period. U S Global Investors Inc. grew its position in JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after purchasing an additional 1,903,910 shares during the period. American Century Companies Inc. grew its position in JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after purchasing an additional 1,518,328 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in JetBlue Airways by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company’s stock worth $21,431,000 after purchasing an additional 186,185 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.