Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) PT at $5.54

JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the twelve research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.5350.

Several equities analysts recently weighed in on JBLU shares. UBS Group increased their price objective on shares of JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, June 23rd. Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Thursday, April 16th. Susquehanna increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Citigroup raised their price target on JetBlue Airways from $4.40 to $6.60 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Friday, July 17th.

Insiders Place Their Bets

In other JetBlue Airways news, Director Vivek Sharma sold 32,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the transaction, the director owned 35,479 shares in the company, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.41% of the company’s stock.

Institutional Trading of JetBlue Airways

A number of hedge funds have recently modified their holdings of JBLU. Stifel Financial Corp grew its holdings in JetBlue Airways by 0.6% during the fourth quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 1,928 shares during the period. Vident Advisory LLC increased its stake in JetBlue Airways by 20.2% in the fourth quarter. Vident Advisory LLC now owns 13,232 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 2,226 shares in the last quarter. Essex Financial Services Inc. raised its holdings in JetBlue Airways by 12.4% in the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock worth $107,000 after purchasing an additional 2,599 shares during the period. Cetera Investment Advisers raised its holdings in JetBlue Airways by 10.7% in the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,954 shares during the period. Finally, Amundi boosted its position in shares of JetBlue Airways by 8.9% during the first quarter. Amundi now owns 39,447 shares of the transportation company’s stock worth $174,000 after purchasing an additional 3,238 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $6.03 on Thursday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -2.52 and a beta of 1.73. JetBlue Airways has a 12 month low of $3.87 and a 12 month high of $6.50. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The stock has a 50-day moving average price of $5.45 and a 200 day moving average price of $5.19.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate 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 was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. Research analysts expect that JetBlue Airways will post -2.33 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.