Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) Price Target at $5.75

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average rating of “Reduce” from the ten brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $5.75.

A number of brokerages have issued reports on JBLU. JPMorgan Chase & Co. decreased their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Citigroup cut their price objective on shares of JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, May 29th. Barclays cut their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Monday, May 6th. UBS Group began coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. Finally, Evercore ISI upped their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a report on Thursday, April 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Quadrant Capital Group LLC lifted its stake in JetBlue Airways by 325.6% in the fourth quarter. Quadrant Capital Group LLC now owns 25,198 shares of the transportation company’s stock worth $140,000 after acquiring an additional 19,278 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of JetBlue Airways by 9.2% during the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after purchasing an additional 3,099,071 shares during the last quarter. CWM LLC lifted its holdings in shares of JetBlue Airways by 20.2% during the first quarter. CWM LLC now owns 30,224 shares of the transportation company’s stock worth $224,000 after purchasing an additional 5,069 shares during the period. Seven Eight Capital LP acquired a new stake in JetBlue Airways in the fourth quarter valued at about $869,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in JetBlue Airways by 31.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 80,500 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 19,348 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Up 3.4 %

Shares of JetBlue Airways stock opened at $6.10 on Wednesday. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.07. The firm’s 50-day moving average is $5.73 and its two-hundred day moving average is $6.08. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -2.47 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.34) earnings per share. As a group, research analysts expect that JetBlue Airways will post -1.03 earnings per share for the current fiscal year.

About JetBlue Airways

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.