Barclays Cuts JetBlue Airways (NASDAQ:JBLU) Price Target to $5.00

JetBlue Airways (NASDAQ:JBLU) had its price target reduced by Barclays from $7.00 to $5.00 in a research note published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

JBLU has been the subject of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. Citigroup downgraded JetBlue Airways from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $6.60 to $5.30 in a research report on Friday, August 7th. TD Cowen cut their price target on JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a report on Monday, August 24th. Wall Street Zen cut JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Finally, Bank of America boosted their price objective on JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a research note on Wednesday, July 1st. Seven research analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.41.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $4.40 on Friday. The company has a market cap of $1.66 billion, a PE ratio of -1.84 and a beta of 1.70. JetBlue Airways has a 52 week low of $3.87 and a 52 week high of $6.62. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The firm’s 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $5.11.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the company earned ($0.21) earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. Research analysts predict that JetBlue Airways will post -2.33 earnings per share for the current year.

Insider Transactions at JetBlue Airways

In related news, CFO Ursula Hurley sold 77,253 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the sale, the chief financial officer owned 211,099 shares in the company, valued at approximately $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 81,253 shares of company stock valued at $465,897. Corporate insiders own 2.41% of the company’s stock.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of JBLU. AQR Capital Management LLC grew its holdings in shares of JetBlue Airways by 131.2% during the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock worth $436,000 after purchasing an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after purchasing an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in JetBlue Airways by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after purchasing an additional 274,892 shares in the last quarter. United Services Automobile Association purchased a new stake in JetBlue Airways in the first quarter valued at approximately $106,000. Finally, Cetera Investment Advisers lifted its position in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 2,954 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways News Summary

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue raised its third-quarter revenue outlook and reported that travel demand remained strong, supporting expectations for continued passenger growth. JetBlue Raises Revenue Outlook Despite Cost Headwinds
• Positive Sentiment: JetBlue also raised its revenue per available seat mile outlook, indicating that pricing and passenger revenue trends are stronger than previously expected. JetBlue lowers Q3 capacity outlook but raises RASM outlook
• Neutral Sentiment: Barclays lowered its JBLU price target from $7 to $5 and maintained an “equal weight” rating. The new target still implies potential upside, but the reduction reflects more cautious expectations.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, suggesting no meaningful short-selling signal; however, the figures appear inconsistent and may be unreliable.
• Negative Sentiment: JetBlue lowered its third-quarter capacity-growth forecast to 1.5%-3.5%, from 3%-6%, citing summer disruptions and unfavorable weather. Slower capacity growth could limit revenue opportunities. JetBlue Cuts Capacity-Growth Outlook
• Negative Sentiment: The airline increased its third-quarter fuel-price forecast as geopolitical tensions, including the Iran war, keep fuel costs elevated. Higher fuel expense is likely to pressure margins despite strong demand. JetBlue raises third-quarter fuel price forecast
• Negative Sentiment: UBS cut its price target from $5 to $4 and assigned a “sell” rating, signaling concern that rising costs and operational challenges could outweigh the stronger revenue outlook.

About JetBlue Airways

JetBlue Airways Corporation (NASDAQ: JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.