JetBlue Airways (NASDAQ:JBLU) Price Target Cut to $5.00 by Analysts at UBS Group

JetBlue Airways (NASDAQ:JBLU - Free Report) had its price objective lowered by UBS Group from $5.50 to $5.00 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a sell rating on the transportation company's stock.

Other equities analysts have also issued research reports about the company. Citigroup lifted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Bank of America reissued an "underperform" rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Evercore ISI raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reiterated a "sell" rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $6.69.

JetBlue Airways Stock Up 3.6 %

Shares of JetBlue Airways stock traded up $0.22 during trading on Wednesday, reaching $6.32. The company's stock had a trading volume of 33,055,884 shares, compared to its average volume of 25,620,100. The company has a 50-day simple moving average of $7.18 and a two-hundred day simple moving average of $6.43. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter in the prior year, the company earned ($0.19) EPS. As a group, equities analysts forecast that JetBlue Airways will post -0.81 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock valued at $28,000 after acquiring an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways during the 2nd quarter worth about $34,000. Blue Trust Inc. grew its holdings in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $40,000. 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.