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

JetBlue Airways Co. (NASDAQ:JBLU) has received an average recommendation of “Reduce” from the twelve analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.16.

Several research firms have recently weighed in on JBLU. Barclays decreased their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Citigroup increased their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Susquehanna decreased their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Wall Street Zen upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of JetBlue Airways in the first quarter valued at $197,000. Empowered Funds LLC lifted its stake in shares of JetBlue Airways by 1.4% in the first quarter. Empowered Funds LLC now owns 1,415,860 shares of the transportation company’s stock valued at $6,824,000 after buying an additional 19,330 shares in the last quarter. United Services Automobile Association bought a new position in shares of JetBlue Airways in the first quarter valued at $106,000. Goldman Sachs Group Inc. lifted its stake in shares of JetBlue Airways by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after buying an additional 274,892 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after buying an additional 8,053 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Trading Up 2.7%

Shares of NASDAQ JBLU opened at $5.01 on Friday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. JetBlue Airways has a 52-week low of $3.34 and a 52-week high of $8.31. The firm has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $5.92. The stock has a market cap of $1.78 billion, a P/E ratio of -2.14 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the company posted ($0.43) earnings per share. JetBlue Airways’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts forecast that JetBlue Airways will post -0.69 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.