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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been given a consensus rating of “Reduce” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.16.

JBLU has been the topic of several analyst reports. Citigroup raised their target price on JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a research report on Monday. Susquehanna lowered their price target on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Raymond James upgraded shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. Finally, Bank of America decreased their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a report on Thursday, April 3rd.

JetBlue Airways Stock Performance

JBLU stock opened at $4.67 on Tuesday. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -2.00 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock’s fifty day moving average is $4.81 and its two-hundred day moving average is $6.17.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business posted ($0.43) EPS. JetBlue Airways’s revenue was down 3.1% on a year-over-year basis. On average, research analysts predict that JetBlue Airways will post -0.69 EPS for the current year.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of JetBlue Airways by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock worth $254,749,000 after buying an additional 121,267 shares during the period. FMR LLC boosted its position in JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the period. American Century Companies Inc. grew its stake in JetBlue Airways by 8.4% during the 4th quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company’s stock valued at $68,948,000 after acquiring an additional 678,891 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JetBlue Airways by 18.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock valued at $52,864,000 after purchasing an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after purchasing an additional 2,584,350 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.