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

JetBlue Airways (NASDAQ:JBLU) had its price target raised by analysts at Evercore ISI from $5.00 to $6.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 19.05% from the company’s current price.

JBLU has been the subject of a number of other research reports. Susquehanna boosted their price target on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. TD Cowen boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group raised their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday, January 22nd. Finally, Citigroup lowered their price objective on shares of JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a research report on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.10.

JetBlue Airways Price Performance

JBLU stock opened at $5.04 on Thursday. The company’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.75. The firm has a market cap of $1.83 billion, a P/E ratio of -3.82 and a beta of 1.78. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 3.42. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $7.83.

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

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in JetBlue Airways by 131.2% during the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock worth $436,000 after buying an additional 51,377 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after buying an additional 8,053 shares during the period. Goldman Sachs Group Inc. raised its position in shares of JetBlue Airways by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after acquiring an additional 274,892 shares during the last quarter. United Services Automobile Association acquired a new position in shares of JetBlue Airways in the first quarter worth approximately $106,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in JetBlue Airways during the 2nd quarter valued at approximately $47,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

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.