JetBlue Airways (NASDAQ:JBLU) Stock Price Down 3.2%

Shares of JetBlue Airways Co. (NASDAQ:JBLU) were down 3.2% during mid-day trading on Friday . The stock traded as low as $5.41 and last traded at $5.42. Approximately 2,245,613 shares changed hands during trading, a decline of 86% from the average daily volume of 15,492,438 shares. The stock had previously closed at $5.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBLU shares. TD Cowen dropped their price objective on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $9.00 in a report on Tuesday, February 20th. UBS Group began coverage on JetBlue Airways in a report on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price target for the company. Barclays lowered their price target on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Monday, May 6th. Finally, Evercore ISI boosted their price target on JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways has an average rating of “Hold” and an average price target of $5.68.

JetBlue Airways Stock Performance

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 50 day moving average price of $6.49 and a 200 day moving average price of $5.86.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) 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%. JetBlue Airways’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.34) earnings per share. On average, research analysts forecast that JetBlue Airways Co. will post -1.07 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC purchased a new position in JetBlue Airways in the first quarter valued at about $317,000. Innealta Capital LLC purchased a new position in JetBlue Airways in the first quarter valued at about $84,000. Redwood Investment Management LLC purchased a new position in JetBlue Airways in the first quarter valued at about $3,229,000. Paloma Partners Management Co purchased a new position in JetBlue Airways in the first quarter valued at about $128,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of JetBlue Airways by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 216,328 shares of the transportation company’s stock worth $1,606,000 after acquiring an additional 11,986 shares in the last quarter. 83.71% of the stock is 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.