JetBlue Airways (NASDAQ:JBLU) Price Target Lowered to $4.00 at Barclays

JetBlue Airways (NASDAQ:JBLU - Free Report) had its price target trimmed by Barclays from $7.00 to $4.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the transportation company's stock.

A number of other equities analysts have also issued reports on the company. Citigroup increased their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Bank of America reduced their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.17.

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JetBlue Airways Stock Performance

JBLU stock traded up $0.02 during mid-day trading on Tuesday, reaching $3.71. The company had a trading volume of 22,581,028 shares, compared to its average volume of 18,310,564. The stock's 50-day simple moving average is $5.71 and its two-hundred day simple moving average is $6.50. The stock has a market capitalization of $1.31 billion, a P/E ratio of -1.59 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways has a one year low of $3.47 and a one year high of $8.31.

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

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nik Mittal purchased 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now directly 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 disclosure for this purchase can be found here. Insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its position in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $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 stake in shares of JetBlue Airways in the fourth quarter worth $40,000. Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares in the last quarter. R Squared Ltd acquired a new position in JetBlue Airways during the fourth quarter valued at $58,000. Finally, GAMMA Investing LLC lifted its stake in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after acquiring an additional 3,857 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

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.