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

JetBlue Airways Co. (NASDAQ:JBLU) has been given an average recommendation of “Reduce” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.78.

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of JetBlue Airways in a research report on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price target on the stock. TD Cowen dropped their target price on shares of JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $6.00 to $3.00 in a research report on Tuesday, January 9th. Susquehanna lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, UBS Group started coverage on shares of JetBlue Airways in a research report on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in JetBlue Airways by 27.4% in the 3rd quarter. Barclays PLC now owns 424,972 shares of the transportation company’s stock valued at $1,955,000 after purchasing an additional 91,403 shares during the period. AQR Capital Management LLC boosted its holdings in JetBlue Airways by 136.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock valued at $11,412,000 after purchasing an additional 1,431,113 shares during the period. Citigroup Inc. boosted its holdings in JetBlue Airways by 9.4% in the 3rd quarter. Citigroup Inc. now owns 377,628 shares of the transportation company’s stock valued at $1,737,000 after purchasing an additional 32,516 shares during the period. Quantbot Technologies LP boosted its holdings in JetBlue Airways by 173.7% in the 3rd quarter. Quantbot Technologies LP now owns 162,909 shares of the transportation company’s stock valued at $749,000 after purchasing an additional 103,384 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of JetBlue Airways by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after acquiring an additional 3,099,071 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Price Performance

JBLU stock opened at $5.72 on Friday. The stock has a market capitalization of $1.95 billion, a PE ratio of -2.32 and a beta of 1.86. The company’s 50-day moving average is $6.89 and its 200-day moving average is $5.65. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.38%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the firm earned ($0.34) EPS. The business’s revenue was down 5.5% on a year-over-year basis. Equities research analysts expect that JetBlue Airways will post -0.72 EPS for the current fiscal year.

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.