JPMorgan Chase & Co. Lowers JetBlue Airways (NASDAQ:JBLU) Price Target to $6.00

JetBlue Airways (NASDAQ:JBLU) had its target price cut by stock analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 4.90% from the company’s previous close.

JBLU has been the subject of a number of other research reports. Evercore ISI lifted their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Bank of America cut JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Susquehanna raised their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. UBS Group began coverage on shares of JetBlue Airways in a research report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.78.

JetBlue Airways Price Performance

JBLU stock opened at $5.72 on Wednesday. The stock has a market cap of $1.95 billion, a PE ratio of -2.32 and a beta of 1.86. The stock has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $5.65. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative return on equity of 5.38% and a negative net margin of 8.79%. JetBlue Airways’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) EPS. Equities analysts forecast that JetBlue Airways will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the first quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake 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 worth $28,000 after buying an additional 2,377 shares during the last quarter. Performa Ltd US LLC grew its stake in shares of JetBlue Airways by 96.6% during the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after buying an additional 2,800 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after buying an additional 1,861 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of JetBlue Airways by 72.8% during 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 during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

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.