Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) PT at $5.68

JetBlue Airways Co. (NASDAQ:JBLUGet Free Report) has been given an average rating of “Reduce” by the ten brokerages that are covering the stock, Marketbeat reports. Four equities research 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. The average 1 year price target among brokers that have covered the stock in the last year is $5.68.

A number of research analysts recently issued reports on the company. TD Cowen reduced their price target on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Susquehanna raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. UBS Group started coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price on the stock. Finally, Barclays decreased their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Monday, May 6th.

Check Out Our Latest Report on JBLU

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in JBLU. Allspring Global Investments Holdings LLC bought a new position in JetBlue Airways during the 1st quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after acquiring an additional 2,377 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of JetBlue Airways during the first quarter valued at $30,000. Versant Capital Management Inc raised its position in shares of JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares during the last quarter. Finally, Signaturefd LLC grew its position in JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 2,751 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $5.60 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. JetBlue Airways has a fifty-two week low of $3.42 and a fifty-two week high of $9.45. The firm has a market cap of $1.90 billion, a PE ratio of -2.27 and a beta of 1.89. The business has a 50 day moving average price of $6.49 and a 200-day moving average price of $5.86.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last announced its quarterly earnings results 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. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company posted ($0.34) EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts predict that JetBlue Airways will post -1.07 earnings per share for the current year.

About JetBlue Airways

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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.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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