JetBlue Airways (NASDAQ:JBLU) Given New $6.00 Price Target at TD Cowen

JetBlue Airways (NASDAQ:JBLU) had its target price boosted by TD Cowen from $5.00 to $6.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

Separately, Citigroup dropped their price objective on shares of JetBlue Airways from $6.90 to $6.50 and set a neutral rating for the company in a report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $6.05.

JetBlue Airways Stock Up 7.2 %

NASDAQ JBLU opened at $5.68 on Friday. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $7.58. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The stock has a market cap of $1.97 billion, a PE ratio of -2.30 and a beta of 1.91. The stock’s 50 day moving average is $5.53 and its 200 day moving average is $6.02.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Research analysts predict that JetBlue Airways will post -1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its stake in shares of JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the last quarter. American Century Companies Inc. lifted its position in JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after buying an additional 1,135,217 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in JetBlue Airways by 70.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock worth $13,134,000 after buying an additional 975,736 shares during the period. Donald Smith & CO. Inc. increased its position in JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after acquiring an additional 805,404 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of JetBlue Airways by 1,932.3% in the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock valued at $3,586,000 after acquiring an additional 559,917 shares during the period. 83.71% of the stock is 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.