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

JetBlue Airways (NASDAQ:JBLU) had its price objective boosted by TD Cowen from $5.00 to $6.00 in a report issued on Friday, MarketBeat.com reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Separately, Citigroup cut their target price on JetBlue Airways from $6.90 to $6.50 and set a neutral rating on the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $5.75.

JetBlue Airways Stock Performance

JBLU opened at $5.30 on Friday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -2.15 and a beta of 1.93. The company’s fifty day moving average price is $5.54 and its two-hundred day moving average price is $6.04. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $7.58. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. On average, analysts expect that JetBlue Airways will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in JBLU. Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways in the second quarter worth about $34,000. Point72 Asset Management L.P. raised its holdings in shares of JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after purchasing an additional 1,430,622 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in JetBlue Airways by 11.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company’s stock valued at $380,000 after purchasing an additional 6,179 shares during the last quarter. Creative Planning grew its holdings in JetBlue Airways by 46.9% during the second quarter. Creative Planning now owns 84,062 shares of the transportation company’s stock valued at $512,000 after purchasing an additional 26,834 shares during the period. Finally, Maverick Capital Ltd. purchased a new stake in JetBlue Airways in the second quarter worth $634,000. Institutional investors own 83.71% of the company’s stock.

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.