Barclays Lowers JetBlue Airways (NASDAQ:JBLU) Price Target to $5.00

JetBlue Airways (NASDAQ:JBLU) had its target price decreased by equities research analysts at Barclays from $6.00 to $5.00 in a report issued on Monday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential downside of 11.66% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and increased their price objective for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. cut their target price on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. UBS Group began coverage on JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price objective for the company. Finally, TD Cowen dropped their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Five 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. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $5.68.

JetBlue Airways Trading Down 4.6 %

NASDAQ JBLU opened at $5.66 on Monday. The firm has a market cap of $1.93 billion, a PE ratio of -2.29 and a beta of 1.89. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $9.45. 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 company has a 50 day moving average price of $6.74 and a 200 day moving average price of $5.74.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted ($0.34) EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that JetBlue Airways will post -1.01 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in JetBlue Airways by 27.4% in the third quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock valued at $1,955,000 after buying an additional 91,403 shares in the last quarter. AQR Capital Management LLC raised its holdings in JetBlue Airways by 136.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after purchasing an additional 1,431,113 shares during the period. Citigroup Inc. grew its holdings in JetBlue Airways by 9.4% in the third quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 32,516 shares during the period. Quantbot Technologies LP increased its position in shares of JetBlue Airways by 173.7% in the third quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock valued at $749,000 after buying an additional 103,384 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of JetBlue Airways by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after buying an additional 3,099,071 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.