1 week Ago By ABMN Staff
JetBlue Airways ( NASDAQ:JBLU – Free Report ) had its price target decreased by Barclays from $7.00 to $4.00 in a research note released on Tuesday morning, Benzinga reports.
Barclays currently has an underweight rating on the transportation company’s stock. Several other brokerages also recently issued reports on JBLU. Citigroup boosted their price target on shares of JetBlue Airways from $6.
85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group reduced their target price on shares of JetBlue Airways from $5.
00 to $3.00 and set a “sell” rating for the company in a research note on Monday. Raymond James upgraded shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.
00 price target on the stock in a research note on Monday. Bank of America cut their price target on JetBlue Airways from $5.25 to $4.
25 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. Finally, Susquehanna decreased their price objective on JetBlue Airways from $6.00 to $4.
00 and set a “neutral” rating for the company in a report on Monday. Five 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. According to MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $5.
45. View Our Latest Research Report on JetBlue Airways JetBlue Airways Price Performance JetBlue Airways ( NASDAQ:JBLU – Get Free Report ) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.
21) earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted ($0.19) EPS. As a group, sell-side analysts expect that JetBlue Airways will post -0.
69 earnings per share for the current year. Insider Activity In other news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 18th.
The stock was sold at an average price of $7.50, for a total transaction of $112,500.00.
Following the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at $313,747.50. The trade was a 26.
39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th.
The shares were purchased at an average cost of $6.14 per share, with a total value of $614,000.00.
Following the completion of the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This represents a 608.
16 % increase in their position. The disclosure for this purchase can be found here . Insiders own 1.
18% of the company’s stock. Hedge Funds Weigh In On JetBlue Airways A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. Blue Trust Inc.
lifted its holdings in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc.
now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.
a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the fourth quarter valued at $40,000. Bogart Wealth LLC lifted its stake in JetBlue Airways by 67.
8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after acquiring an additional 2,850 shares in the last quarter. R Squared Ltd acquired a new stake in JetBlue Airways during the 4th quarter worth about $58,000.
Finally, GAMMA Investing LLC grew its stake in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 3,857 shares in the last quarter.
Institutional investors and hedge funds own 83.71% of the company’s stock. JetBlue Airways Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.
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