UBS Group Has Lowered Expectations for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its target price decreased by investment analysts at UBS Group from $5.50 to $5.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential downside of 16.16% from the stock’s current price.

A number of other research analysts have also recently commented on JBLU. 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. Citigroup raised their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Evercore ISI lifted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna boosted their target price on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $6.69.

JetBlue Airways Stock Performance

JBLU traded down $0.05 during midday trading on Wednesday, hitting $5.96. 7,297,001 shares of the company traded hands, compared to its average volume of 22,189,889. The company’s 50-day moving average is $7.18 and its 200 day moving average is $6.43. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.31. The firm has a market capitalization of $2.07 billion, a PE ratio of -2.38 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) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned ($0.19) EPS. On average, research analysts expect that JetBlue Airways will post -0.81 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC lifted its holdings in 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 during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of JetBlue Airways in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways during the second quarter valued at $34,000. Blue Trust Inc. increased its holdings in JetBlue Airways by 130.8% in the fourth 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. Finally, Point72 DIFC Ltd purchased a new position in JetBlue Airways in the second quarter valued at $48,000. Institutional investors and hedge funds 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.