JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $6.00

JetBlue Airways (NASDAQ:JBLU) had its price target boosted by Evercore ISI from $5.00 to $6.00 in a research report released on Thursday,Benzinga reports. The firm currently has an in-line rating on the transportation company’s stock.

JBLU has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup cut their price target on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a report on Wednesday, January 7th. The Goldman Sachs Group increased their price objective on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a research note on Tuesday, January 13th. Susquehanna increased their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Finally, TD Cowen boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.10.

JetBlue Airways Stock Down 3.6%

JetBlue Airways stock opened at $4.87 on Thursday. The firm’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.76. The stock has a market cap of $1.77 billion, a PE ratio of -2.92 and a beta of 1.78. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $7.83. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 24.93%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Research analysts predict that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JBLU. U S Global Investors Inc. raised its holdings in JetBlue Airways by 4.9% in the 4th quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company’s stock valued at $21,516,000 after buying an additional 219,622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in JetBlue Airways by 783.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,677 shares of the transportation company’s stock valued at $749,000 after purchasing an additional 146,047 shares during the period. Merit Financial Group LLC acquired a new position in shares of JetBlue Airways during the fourth quarter worth about $47,000. CWM LLC grew its holdings in JetBlue Airways by 43.3% during the 4th quarter. CWM LLC now owns 112,099 shares of the transportation company’s stock worth $510,000 after acquiring an additional 33,899 shares in the last quarter. Finally, Daytona Street Capital LLC purchased a new position in JetBlue Airways in the fourth quarter valued at $68,000. 83.71% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.