UBS Group Boosts JetBlue Airways (NASDAQ:JBLU) Price Target to $4.00

JetBlue Airways (NASDAQ:JBLU) had its price objective increased by investment analysts at UBS Group from $3.50 to $4.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the transportation company’s stock. UBS Group’s price target suggests a potential downside of 24.24% from the stock’s previous close.

JBLU has been the subject of a number of other research reports. Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, April 16th. The Goldman Sachs Group decreased their price target on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. Citigroup decreased their price target on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, Susquehanna boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $4.93.

JetBlue Airways Stock Up 4.6%

Shares of JetBlue Airways stock traded up $0.23 during trading on Tuesday, reaching $5.28. 32,827,321 shares of the company traded hands, compared to its average volume of 24,850,416. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. JetBlue Airways has a 1-year low of $3.84 and a 1-year high of $6.50. The company has a 50 day moving average price of $4.78 and a 200-day moving average price of $4.90. The firm has a market capitalization of $1.96 billion, a PE ratio of -2.72 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.59) EPS. As a group, equities research analysts expect that JetBlue Airways will post -2.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Thomas Winkelmann sold 35,473 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total value of $166,723.10. Following the completion of the sale, the director owned 13,379 shares in the company, valued at $62,881.30. This represents a 72.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in JBLU. Rockefeller Capital Management L.P. grew its position in JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares during the period. Caitong International Asset Management Co. Ltd grew its position in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the period. Kestra Advisory Services LLC bought a new position in JetBlue Airways during the fourth quarter valued at about $30,000. Leonteq Securities AG bought a new position in JetBlue Airways during the fourth quarter valued at about $32,000. Finally, Essential Partners LLC grew its position in JetBlue Airways by 1,048.5% during the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.