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

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by UBS Group from $5.00 to $4.00 in a report published on Thursday,Benzinga reports. The firm currently has a sell rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Seaport Research Partners cut shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Raymond James Financial reaffirmed an “underperform” rating on shares of JetBlue Airways in a report on Monday, July 6th. TD Cowen cut their target price on JetBlue Airways from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Monday, August 24th. BMO Capital Markets boosted their target price on JetBlue Airways from $6.00 to $6.75 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Finally, Citigroup downgraded JetBlue Airways from a “neutral” rating to a “sell” rating and reduced their target price for the company from $6.60 to $5.30 in a report on Friday, August 7th. Seven analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $5.41.

JetBlue Airways Stock Up 0.2%

JBLU stock opened at $4.40 on Thursday. The stock has a market cap of $1.66 billion, a P/E ratio of -1.84 and a beta of 1.70. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. JetBlue Airways has a twelve month low of $3.87 and a twelve month high of $6.62. The company’s 50 day moving average is $5.34 and its two-hundred day moving average is $5.12.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.21) EPS. Research analysts expect that JetBlue Airways will post -2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, CFO Ursula Hurley sold 77,253 shares of JetBlue Airways stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. This trade represents a 26.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 81,253 shares of company stock valued at $465,897. Company insiders own 2.41% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new position in JetBlue Airways in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in JetBlue Airways during the 2nd quarter worth $27,000. Rockefeller Capital Management L.P. lifted its stake in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after acquiring an additional 3,373 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after acquiring an additional 5,049 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter worth $30,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue raised its third-quarter revenue outlook and reported that travel demand remained strong, supporting expectations for continued passenger growth. JetBlue Raises Revenue Outlook Despite Cost Headwinds
• Positive Sentiment: JetBlue also raised its revenue per available seat mile outlook, indicating that pricing and passenger revenue trends are stronger than previously expected. JetBlue lowers Q3 capacity outlook but raises RASM outlook
• Neutral Sentiment: Barclays lowered its JBLU price target from $7 to $5 and maintained an “equal weight” rating. The new target still implies potential upside, but the reduction reflects more cautious expectations.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, suggesting no meaningful short-selling signal; however, the figures appear inconsistent and may be unreliable.
• Negative Sentiment: JetBlue lowered its third-quarter capacity-growth forecast to 1.5%-3.5%, from 3%-6%, citing summer disruptions and unfavorable weather. Slower capacity growth could limit revenue opportunities. JetBlue Cuts Capacity-Growth Outlook
• Negative Sentiment: The airline increased its third-quarter fuel-price forecast as geopolitical tensions, including the Iran war, keep fuel costs elevated. Higher fuel expense is likely to pressure margins despite strong demand. JetBlue raises third-quarter fuel price forecast
• Negative Sentiment: UBS cut its price target from $5 to $4 and assigned a “sell” rating, signaling concern that rising costs and operational challenges could outweigh the stronger revenue outlook.

About JetBlue Airways

JetBlue Airways Corporation (NASDAQ: JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.