JetBlue Airways (NASDAQ:JBLU) Price Target Lowered to $4.25 at Bank of America

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target lowered by analysts at Bank of America from $5.25 to $4.25 in a research note issued on Thursday,Benzinga reports. The firm currently has an "underperform" rating on the transportation company's stock. Bank of America's price target would suggest a potential upside of 15.24% from the company's current price.

A number of other analysts also recently commented on JBLU. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. UBS Group decreased their price target on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, January 29th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, Susquehanna dropped their price target on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways currently has an average rating of "Hold" and a consensus target price of $5.70.

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JetBlue Airways Stock Performance

Shares of JBLU stock traded down $0.36 during trading hours on Thursday, reaching $3.69. 18,427,641 shares of the company's stock were exchanged, compared to its average volume of 17,856,774. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways has a 1 year low of $3.61 and a 1 year high of $8.31. The company has a market cap of $1.31 billion, a P/E ratio of -1.58 and a beta of 1.69. The company's 50 day moving average is $5.99 and its two-hundred day moving average is $6.60.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the business earned ($0.19) earnings per share. Equities research analysts anticipate that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nik Mittal bought 100,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC grew its stake in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after buying an additional 2,850 shares during the period. R Squared Ltd acquired a new stake in shares of JetBlue Airways in the fourth quarter worth $58,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of JetBlue Airways in the third quarter worth $66,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.