TD Cowen Lowers JetBlue Airways (NASDAQ:JBLU) Price Target to $6.00

JetBlue Airways (NASDAQ:JBLU) had its price objective reduced by TD Cowen from $7.00 to $6.00 in a report released on Tuesday morning, Marketbeat reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of JetBlue Airways from an underweight rating to a neutral rating and set a $7.00 price objective for the company in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and lifted their price target for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Barclays started coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They issued an underweight rating and a $6.00 price objective for the company. Bank of America cut JetBlue Airways from a neutral rating to an underperform rating and cut their target price for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. Finally, Evercore ISI increased their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an in-line rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $5.88.

JetBlue Airways Stock Down 18.8 %

Shares of NASDAQ:JBLU opened at $6.10 on Tuesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -6.49 and a beta of 1.86. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $9.45. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $6.94 and a 200 day moving average price of $5.65.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, equities research analysts predict that JetBlue Airways will post -0.72 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in JetBlue Airways during the 1st quarter valued at $25,000. Performa Ltd US LLC grew its position in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after buying an additional 2,800 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after buying an additional 2,377 shares during the period. Signaturefd LLC raised its holdings in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in JetBlue Airways by 41.3% in the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after acquiring an additional 1,861 shares during the period. Hedge funds and other 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.