JetBlue Airways (NASDAQ:JBLU) Given New $6.00 Price Target at JPMorgan Chase & Co.

JetBlue Airways (NASDAQ:JBLU) had its target price decreased by JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Several other research analysts also recently commented on JBLU. TD Cowen reduced their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a hold rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of JetBlue Airways from a hold rating to a buy rating and raised their target price for the company from $4.00 to $9.00 in a research report on Tuesday, February 20th. UBS Group initiated coverage on shares of JetBlue Airways in a research report on Wednesday, March 20th. They set a sell rating and a $5.00 target price on the stock. Susquehanna raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. Finally, Evercore ISI raised their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an in-line rating in a research report on Thursday, April 4th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $5.78.

JetBlue Airways Trading Down 3.1 %

JetBlue Airways stock opened at $5.91 on Wednesday. The firm has a 50-day moving average price of $6.91 and a 200-day moving average price of $5.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.10. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.34) EPS. Research analysts expect that JetBlue Airways will post -0.72 EPS for the current year.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently bought and sold shares of JBLU. Allspring Global Investments Holdings LLC acquired a new stake in JetBlue Airways in the 1st quarter worth approximately $25,000. Performa Ltd US LLC boosted its stake in JetBlue Airways by 96.6% in the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares in the last quarter. GAMMA Investing LLC boosted its stake in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after purchasing an additional 2,377 shares in the last quarter. Signaturefd LLC boosted its stake in JetBlue Airways by 72.8% in the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after purchasing an additional 2,751 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after purchasing an additional 1,861 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

About JetBlue Airways

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.