UBS Group Lowers JetBlue Airways (NASDAQ:JBLU) Price Target to $3.00

JetBlue Airways (NASDAQ:JBLU) had its price objective cut by UBS Group from $5.00 to $3.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “sell” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential downside of 16.67% from the stock’s current price.

JBLU has been the subject of a number of other research reports. Susquehanna cut their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday. Raymond James upgraded JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note on Monday. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America reduced their price objective on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.45.

JetBlue Airways Price Performance

JBLU stock opened at $3.60 on Monday. The business’s 50-day moving average is $5.89 and its two-hundred day moving average is $6.56. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways has a 1 year low of $3.51 and a 1 year high of $8.31. The firm has a market capitalization of $1.28 billion, a P/E ratio of -1.54 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data 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 9.31% and a negative net margin of 8.57%. During the same quarter last year, the business earned ($0.19) EPS. Analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its stake in shares of JetBlue Airways by 399.6% during the third quarter. HighTower Advisors LLC now owns 107,246 shares of the transportation company’s stock valued at $704,000 after purchasing an additional 85,781 shares in the last quarter. Stifel Financial Corp lifted its stake in JetBlue Airways by 21.4% during the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock valued at $3,444,000 after acquiring an additional 92,468 shares during the period. XTX Topco Ltd boosted its holdings in shares of JetBlue Airways by 186.4% during the 3rd quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 69,584 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of JetBlue Airways in the third quarter worth approximately $1,973,000. Finally, Virtu Financial LLC purchased a new stake in JetBlue Airways during the 3rd quarter valued at $307,000. 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.