JetBlue Airways (NASDAQ:JBLU) Price Target Increased to $22.00 by Analysts at Barclays

JetBlue Airways (NASDAQ:JBLU) had its target price upped by investment analysts at Barclays from $20.00 to $22.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 11.68% from the company’s current price.

Other analysts have also recently issued reports about the stock. Vertical Research cut shares of JetBlue Airways from a “buy” rating to a “hold” rating in a report on Friday, January 15th. TheStreet raised JetBlue Airways from a “d+” rating to a “c” rating in a report on Wednesday, March 10th. Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a report on Monday, April 5th. Morgan Stanley raised their target price on JetBlue Airways from $18.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, April 13th. Finally, Susquehanna Bancshares upgraded JetBlue Airways from a “neutral” rating to a “positive” rating and set a $26.00 target price on the stock in a research report on Tuesday, April 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.93.

Shares of JBLU stock opened at $19.70 on Tuesday. The company has a market capitalization of $6.24 billion, a PE ratio of -6.50 and a beta of 1.57. The firm has a fifty day simple moving average of $20.38 and a 200-day simple moving average of $16.49. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. JetBlue Airways has a twelve month low of $7.34 and a twelve month high of $21.96.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 27th. The transportation company reported ($1.48) earnings per share for the quarter, beating the consensus estimate of ($1.69) by $0.21. The business had revenue of $733.00 million during the quarter, compared to the consensus estimate of $660.05 million. JetBlue Airways had a negative net margin of 18.95% and a negative return on equity of 23.07%. The business’s quarterly revenue was down 53.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.42) earnings per share. Equities research analysts predict that JetBlue Airways will post -5.88 EPS for the current year.

In other JetBlue Airways news, CFO Stephen J. Priest sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $18.63, for a total transaction of $100,602.00. Following the transaction, the chief financial officer now directly owns 54,939 shares in the company, valued at $1,023,513.57. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Brandon Nelson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The shares were sold at an average price of $19.31, for a total value of $96,550.00. Following the transaction, the general counsel now owns 6,811 shares in the company, valued at $131,520.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,043 shares of company stock valued at $284,446. Insiders own 0.93% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tompkins Financial Corp bought a new position in JetBlue Airways during the fourth quarter valued at about $25,000. CWM LLC raised its holdings in JetBlue Airways by 61.6% during the fourth quarter. CWM LLC now owns 1,931 shares of the transportation company’s stock valued at $28,000 after buying an additional 736 shares in the last quarter. Parallel Advisors LLC raised its holdings in JetBlue Airways by 284.2% during the fourth quarter. Parallel Advisors LLC now owns 1,944 shares of the transportation company’s stock valued at $28,000 after buying an additional 1,438 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of JetBlue Airways in the fourth quarter worth about $29,000. Finally, Meeder Asset Management Inc. increased its stake in shares of JetBlue Airways by 33.4% in the first quarter. Meeder Asset Management Inc. now owns 2,738 shares of the transportation company’s stock worth $56,000 after purchasing an additional 686 shares during the period. Institutional investors own 66.67% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, 1 Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 98 destinations in the 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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