UBS Group Issues Pessimistic Forecast for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its target price cut by analysts at UBS Group from $4.00 to $3.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the transportation company’s stock. UBS Group’s price target would suggest a potential downside of 17.84% from the company’s current price.

Several other research analysts have also commented on the stock. Citigroup upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 price objective for the company in a research note on Tuesday, February 3rd. Morgan Stanley cut their price target on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Susquehanna upped their price target on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday, January 22nd. Finally, Evercore raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $4.98.

JetBlue Airways Stock Up 3.4%

JBLU traded up $0.14 on Monday, hitting $4.26. The company had a trading volume of 19,883,251 shares, compared to its average volume of 20,535,152. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.55 and a beta of 1.71. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.69 and a current ratio of 0.74. The stock has a fifty day moving average price of $5.30 and a 200-day moving average price of $4.92. JetBlue Airways has a 12-month low of $3.34 and a 12-month high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company posted ($0.21) earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts predict that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after buying an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of JetBlue Airways during the fourth quarter valued at $30,000. Leonteq Securities AG purchased a new stake in shares of JetBlue Airways during the fourth quarter valued at $32,000. Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 12,727.3% during the third 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 last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of JetBlue Airways in the 4th quarter valued at $41,000. Institutional investors and hedge funds 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.