JetBlue Airways (NASDAQ:JBLU) Given New $5.00 Price Target at UBS Group

JetBlue Airways (NASDAQ:JBLU) had its price objective decreased by UBS Group from $5.50 to $5.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a sell rating on the transportation company’s stock.

Other research analysts also recently issued reports about the company. Bank of America reiterated an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Barclays increased their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their target price on shares of JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Evercore ISI upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.69.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $6.10 on Wednesday. The firm has a market capitalization of $2.12 billion, a P/E ratio of -2.42 and a beta of 1.84. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The firm’s fifty day moving average price is $7.18 and its two-hundred day moving average price is $6.43. JetBlue Airways has a 1 year low of $4.49 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same period in the previous year, the business posted ($0.19) EPS. As a group, research analysts anticipate that JetBlue Airways will post -0.81 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently made changes to their positions in JBLU. Bogart Wealth LLC increased its stake in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after acquiring an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of JetBlue Airways in the second quarter worth $34,000. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways during the fourth quarter worth about $40,000. 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.