JetBlue Airways (NASDAQ:JBLU) Given New $4.00 Price Target at Barclays

JetBlue Airways (NASDAQ:JBLU) had its price objective cut by Barclays from $7.00 to $4.00 in a report issued on Tuesday,Benzinga reports. They currently have an underweight rating on the transportation company’s stock.

Several other research analysts have also commented on the stock. Bank of America dropped their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Susquehanna lowered their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday. Citigroup upped their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Morgan Stanley reissued an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and reduced their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $5.45.

JetBlue Airways Price Performance

JBLU opened at $3.60 on Tuesday. The stock has a fifty day moving average price of $5.89 and a 200 day moving average price of $6.56. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways has a 1 year low of $3.51 and a 1 year high of $8.31. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -1.54 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. Analysts forecast that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Insider Activity at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nik Mittal acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Several institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the 4th quarter valued at about $40,000. Bogart Wealth LLC increased its stake in JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 2,850 shares during the period. R Squared Ltd bought a new stake in JetBlue Airways in the fourth quarter valued at about $58,000. Finally, GAMMA Investing LLC raised its position in JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.