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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.31.

JBLU has been the topic of several recent research reports. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. TD Cowen lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $3.00 to $6.00 in a report on Monday, September 9th. Evercore ISI lifted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna lifted their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $6.37 on Tuesday. 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 firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -2.53 and a beta of 1.92. The company’s fifty day moving average is $6.31 and its two-hundred day moving average is $5.88. JetBlue Airways has a 52-week low of $3.77 and a 52-week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned ($0.39) EPS. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that JetBlue Airways will post -0.94 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. grew its holdings in JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the period. American Century Companies Inc. boosted its holdings in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of JetBlue Airways in the third quarter valued at approximately $5,311,000. Donald Smith & CO. Inc. boosted its holdings in shares of JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after buying an additional 805,404 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of JetBlue Airways by 1,932.3% in the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock valued at $3,586,000 after buying an additional 559,917 shares during the period. 83.71% of the stock is owned by institutional investors.

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.