JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $4.00

JetBlue Airways (NASDAQ:JBLU) had its target price increased by UBS Group from $3.50 to $4.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also recently commented on the company. Seaport Research Partners cut JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Deutsche Bank upgraded JetBlue Airways from a “hold” rating to a “buy” rating and upped their price target for the stock from $3.00 to $5.50 in a report on Thursday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, October 15th. Barclays reduced their price target on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Finally, Wall Street Zen cut JetBlue Airways from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $4.98.

JetBlue Airways Stock Down 5.2%

JetBlue Airways stock opened at $3.81 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.92. JetBlue Airways has a 52-week low of $2.16 and a 52-week high of $6.62. The company’s 50 day moving average is $3.77 and its two-hundred day moving average is $4.85.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.05). JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned ($0.40) EPS. The business’s revenue was up 21.1% on a year-over-year basis. Research analysts predict that JetBlue Airways will post -2.71 EPS for the current fiscal year.

Insider Activity at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of $3.24 per share, with a total value of $324,000.00. Following the transaction, the director owned 238,537 shares in the company, valued at approximately $772,859.88. This trade represents a 72.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $23,920. Corporate insiders own 2.41% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC raised its stake in JetBlue Airways by 91.1% in the third quarter. Counterpoint Mutual Funds LLC now owns 2,297,994 shares of the transportation company’s stock valued at $9,721,000 after buying an additional 1,095,610 shares in the last quarter. Bank of America Corp DE purchased a new stake in JetBlue Airways during the 2nd quarter worth about $20,022,000. Quantinno Capital Management LP boosted its position in shares of JetBlue Airways by 509.5% during the 1st quarter. Quantinno Capital Management LP now owns 649,600 shares of the transportation company’s stock worth $2,871,000 after acquiring an additional 543,017 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of JetBlue Airways by 95.6% during the 2nd quarter. WINTON GROUP Ltd now owns 553,212 shares of the transportation company’s stock worth $3,170,000 after acquiring an additional 270,358 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of JetBlue Airways during the 2nd quarter worth about $1,725,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting JetBlue Airways

Investors following JBLU have been watching these headlines:

• Positive Sentiment: JetBlue introduced BlueFirst, a domestic first-class product intended to attract higher-paying travelers and support its return-to-profitability plan. UBS also raised its price target, and an analyst increased a Q2 EPS estimate, offering some optimism. JetBlue debuts BlueFirst UBS price target increase
• Neutral Sentiment: JetBlue’s CEO ruled out a merger or reorganization, emphasizing that the airline must become healthy through its own turnaround. A majority of lenders reportedly signed a cooperation agreement, but the reports also point to growing debt concerns. CEO rules out merger and reorganization Lenders sign cooperation deal
• Negative Sentiment: Airline shares are moving lower amid market weakness and fuel-cost concerns. Separately, Zacks Research cut several JetBlue earnings forecasts, including estimates for Q4 2026 and full-year 2027, reinforcing concerns about the pace of its recovery. Airline stocks drawing unusual options volume

About JetBlue Airways

JetBlue Airways Corporation is a U.S. passenger airline headquartered in Long Island City, New York. Founded in 1998, the company began flying in 2000 and operates scheduled service across the United States and to destinations in the Caribbean, Latin America, Canada and Europe. The airline offers economy and premium travel options, including its Mint business-class service on select routes and additional-legroom seating. JetBlue also provides loyalty rewards through its TrueBlue program and sells vacation packages combining flights with other travel services.