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

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by research analysts at Barclays from $7.00 to $4.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential downside of 6.76% from the stock’s current price.

JBLU has been the topic of a number of other reports. Susquehanna decreased their price objective on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America decreased their price objective on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price objective for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a report on Monday. Five research 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. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $5.45.

JetBlue Airways Trading Up 19.2 %

Shares of JBLU opened at $4.29 on Tuesday. JetBlue Airways has a 12-month low of $3.47 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69. The stock’s 50-day moving average price is $5.80 and its 200 day moving average price is $6.53.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned ($0.19) EPS. As a group, research analysts predict that JetBlue Airways will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the company’s 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 sale, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were acquired 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 approximately $714,960.02. The trade was a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its position 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 buying 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 shares of JetBlue Airways during the 4th quarter worth about $40,000. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 67.8% during the 4th 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 last quarter. R Squared Ltd acquired a new position in shares of JetBlue Airways during the 4th quarter worth about $58,000. Finally, GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after buying an additional 3,857 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

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.