JetBlue Airways Co. (NASDAQ:JBLU) Receives $6.69 Average Target Price from Brokerages

JetBlue Airways Co. (NASDAQ:JBLU) has been given a consensus recommendation of “Reduce” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.69.

JBLU has been the topic of a number of research reports. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Citigroup upped their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bogart Wealth LLC lifted its stake 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 purchasing an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways during the 3rd quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of JetBlue Airways during the 4th quarter worth $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of JetBlue Airways during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $6.32 on Friday. 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 business’s 50 day moving average is $7.18 and its two-hundred day moving average is $6.43. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.31. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84.

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

About JetBlue Airways

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.