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

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by Barclays from $6.00 to $5.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an underweight rating on the transportation company’s stock.

JBLU has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a neutral rating for the company in a research report on Wednesday, April 24th. UBS Group started coverage on JetBlue Airways in a research report on Wednesday, March 20th. They set a sell rating and a $5.00 target price for the company. Evercore ISI upped their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an in-line rating in a research report on Thursday, April 4th. Bank of America cut shares of JetBlue Airways from a neutral rating to an underperform rating and dropped their target price for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, TD Cowen cut their target price on JetBlue Airways from $7.00 to $6.00 and set a hold rating for the company in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, JetBlue Airways currently has a consensus rating of Hold and a consensus target price of $5.68.

JetBlue Airways Stock Up 0.5 %

JetBlue Airways stock opened at $5.69 on Monday. The company’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $5.74. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. The stock has a market cap of $1.94 billion, a P/E ratio of -2.30 and a beta of 1.89. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) earnings per share. As a group, analysts expect that JetBlue Airways will post -1.01 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of JetBlue Airways by 9.2% during the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock valued at $168,845,000 after acquiring an additional 3,099,071 shares during the last quarter. U S Global Investors Inc. lifted its holdings in JetBlue Airways by 24.2% during 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 buying an additional 1,903,910 shares during the period. Invesco Ltd. grew its position in shares of JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock valued at $15,925,000 after buying an additional 1,791,273 shares during the last quarter. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 49.6% in the third quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock valued at $21,052,000 after buying an additional 1,518,328 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of JetBlue Airways by 136.3% during the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after acquiring an additional 1,431,113 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

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.