JetBlue Airways Co. (NASDAQ:JBLU) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.65.

JBLU has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. UBS Group reissued a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Barclays upped their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Finally, Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd.

JetBlue Airways Price Performance

JBLU opened at $7.40 on Wednesday. The firm has a market capitalization of $2.57 billion, a PE ratio of -2.94 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The business’s 50-day moving average is $6.75 and its two-hundred day moving average is $6.24. JetBlue Airways has a 1 year low of $4.49 and a 1 year high of $8.28.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.39) EPS. Research analysts anticipate that JetBlue Airways will post -0.85 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 1,951.2% in 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways in the second quarter worth approximately $34,000. Point72 DIFC Ltd purchased a new stake in shares of JetBlue Airways during the second quarter worth approximately $48,000. Finally, GAMMA Investing LLC raised its stake in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.