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

JetBlue Airways (NASDAQ:JBLU) had its price objective dropped by equities researchers at UBS Group from $5.50 to $5.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the transportation company’s stock. UBS Group’s target price indicates a potential downside of 20.89% from the company’s current price.

A number of other research firms also recently commented on JBLU. Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Barclays increased their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.69.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $6.32 on Wednesday. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.31. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $2.19 billion, a P/E ratio of -2.51 and a beta of 1.84. The stock has a 50-day moving average price of $7.18 and a 200 day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter in the previous year, the business earned ($0.19) earnings per share. Equities research analysts forecast that JetBlue Airways will post -0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC grew its position in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways in the third quarter valued at about $28,000. Blue Trust Inc. lifted its stake in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways during the 2nd quarter valued at $34,000. 83.71% of the stock is currently owned by hedge funds and other 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.