JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $7.00

JetBlue Airways (NASDAQ:JBLU) had its price objective increased by Barclays from $5.00 to $7.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the transportation company’s stock.

JBLU has been the subject of several other reports. Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen upped their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Susquehanna increased their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Finally, Citigroup lifted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU opened at $7.06 on Thursday. JetBlue Airways has a fifty-two week low of $4.09 and a fifty-two week high of $8.07. The firm’s 50 day moving average price is $6.47 and its 200 day moving average price is $5.91. 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 announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned ($0.39) EPS. Equities research analysts predict that JetBlue Airways will post -0.92 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of JetBlue Airways during the first quarter worth approximately $25,000. Bogart Wealth LLC raised its position in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways in the 3rd quarter worth $28,000. Trust Co. of Vermont purchased a new stake in shares of JetBlue Airways in the second quarter valued at about $27,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of JetBlue Airways during the second quarter worth about $34,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.