JetBlue Airways (NASDAQ:JBLU) Price Target Increased to $6.00 by Analysts at TD Cowen

JetBlue Airways (NASDAQ:JBLU) had its price objective hoisted by TD Cowen from $4.00 to $6.00 in a research report released on Wednesday morning, MarketBeat.com reports. The firm currently has a hold rating on the transportation company’s stock.

Several other analysts also recently weighed in on the company. Susquehanna boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Barclays reduced their price objective on JetBlue Airways from $6.00 to $5.00 and set an underweight rating for the company in a research note on Monday, May 6th. JPMorgan Chase & Co. lowered their target price 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. Evercore ISI upped their price target on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an in-line rating in a research report on Thursday, April 4th. Finally, Citigroup decreased their price objective on JetBlue Airways from $6.90 to $6.50 and set a neutral rating for the company in a research report on Wednesday, May 29th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $5.75.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.56 on Wednesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -2.25 and a beta of 1.93. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $7.58. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.86. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $6.16.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. Research analysts predict that JetBlue Airways will post -1.11 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently modified their holdings of JBLU. Raymond James Financial Services Advisors Inc. grew its holdings in JetBlue Airways by 6.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 200,298 shares of the transportation company’s stock worth $1,112,000 after acquiring an additional 12,568 shares during the period. Global Retirement Partners LLC boosted its position in shares of JetBlue Airways by 16.7% during the 4th quarter. Global Retirement Partners LLC now owns 52,330 shares of the transportation company’s stock worth $268,000 after purchasing an additional 7,500 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of JetBlue Airways by 521.4% during the 4th quarter. International Assets Investment Management LLC now owns 142,885 shares of the transportation company’s stock worth $793,000 after purchasing an additional 119,890 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of JetBlue Airways in the 4th quarter valued at about $121,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of JetBlue Airways by 8,576.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,380 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 42,880 shares during the period. 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.