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

JetBlue Airways (NASDAQ:JBLU) had its price target boosted by TD Cowen from $4.00 to $5.00 in a report issued on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup assumed coverage on shares of JetBlue Airways in a research note on Thursday, December 4th. They set a “sell” rating and a $4.10 price objective for the company. Susquehanna raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price objective on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Six analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $5.03.

JetBlue Airways Stock Up 3.0%

JBLU opened at $5.19 on Wednesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -3.93 and a beta of 1.78. JetBlue Airways has a one year low of $3.34 and a one year high of $8.31. The business’s fifty day moving average is $4.59 and its two-hundred day moving average is $4.68.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned ($0.16) EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Analysts anticipate that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of JetBlue Airways by 639.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after acquiring an additional 5,049 shares during the period. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after buying an additional 7,000 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of JetBlue Airways during the 2nd quarter worth $45,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of JetBlue Airways in the 2nd quarter worth $47,000. Finally, Ballentine Partners LLC acquired a new position in JetBlue Airways in the second quarter valued at $48,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.