JetBlue Airways Co. (NASDAQ:JBLU) Given Consensus Recommendation of “Hold” by Analysts

Shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) have received an average recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.27.

A number of research firms recently issued reports on JBLU. TheStreet downgraded shares of JetBlue Airways from a “c-” rating to a “d+” rating in a research report on Thursday, May 12th. Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating and set a $17.00 price objective for the company in a report on Friday, February 11th. MKM Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, April 11th. Wolfe Research cut shares of JetBlue Airways from a “peer perform” rating to an “underperform” rating in a report on Tuesday, April 12th. Finally, Morgan Stanley cut their price objective on shares of JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, April 4th.

NASDAQ JBLU opened at $10.61 on Friday. The company has a market capitalization of $3.40 billion, a PE ratio of -17.98 and a beta of 1.48. The company has a fifty day moving average of $12.14 and a 200 day moving average of $13.64. JetBlue Airways has a 1 year low of $9.22 and a 1 year high of $20.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.80.

JetBlue Airways (NASDAQ:JBLUGet Rating) last posted its earnings results on Tuesday, April 26th. The transportation company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.05. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. JetBlue Airways had a negative net margin of 2.70% and a negative return on equity of 16.23%. The firm’s quarterly revenue was up 136.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.48) earnings per share. Research analysts expect that JetBlue Airways will post -0.33 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in JetBlue Airways by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 29,275,634 shares of the transportation company’s stock valued at $437,671,000 after purchasing an additional 379,060 shares during the last quarter. BlackRock Inc. boosted its holdings in JetBlue Airways by 2.2% in the 4th quarter. BlackRock Inc. now owns 25,806,918 shares of the transportation company’s stock valued at $367,490,000 after purchasing an additional 559,547 shares during the last quarter. State Street Corp boosted its holdings in JetBlue Airways by 5.7% in the 1st quarter. State Street Corp now owns 9,284,127 shares of the transportation company’s stock valued at $138,798,000 after purchasing an additional 499,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in JetBlue Airways by 35.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company’s stock valued at $135,659,000 after purchasing an additional 2,366,863 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its holdings in JetBlue Airways by 8.8% in the 1st quarter. Donald Smith & CO. Inc. now owns 8,030,450 shares of the transportation company’s stock valued at $120,055,000 after purchasing an additional 647,816 shares during the last quarter. Hedge funds and other institutional investors own 78.26% of the company’s stock.

JetBlue Airways Company Profile (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

See Also

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.