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

JetBlue Airways (NASDAQ:JBLU) had its target price decreased by analysts at UBS Group from $5.50 to $5.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the transportation company’s stock. UBS Group’s price target points to a potential downside of 20.89% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Citigroup boosted their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Susquehanna upped their target price on JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Evercore ISI lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Bank of America reiterated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Finally, Barclays increased their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.69.

JetBlue Airways Price Performance

JBLU stock opened at $6.32 on Wednesday. The company has a market capitalization of $2.19 billion, a P/E ratio of -2.51 and a beta of 1.84. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The company has a fifty day moving average price of $7.18 and a 200-day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same period last year, the company earned ($0.19) EPS. As a group, equities analysts expect that JetBlue Airways will post -0.81 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds have recently bought and sold shares of JBLU. JPMorgan Chase & Co. increased its position in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after acquiring an additional 1,444,491 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of JetBlue Airways by 429.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock valued at $8,084,000 after acquiring an additional 999,713 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of JetBlue Airways during the third quarter valued at approximately $5,311,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after buying an additional 663,865 shares during the period. 83.71% of the stock is currently owned by institutional investors.

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.