JetBlue Airways Corporation (NASDAQ:JBLU) Receives Average Rating of “Reduce” from Analysts

JetBlue Airways Corporation (NASDAQ:JBLU) has been given a consensus rating of “Reduce” by the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.2750.

JBLU has been the topic of a number of recent analyst reports. Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a report on Tuesday, July 29th. UBS Group increased their price objective on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a report on Friday, September 5th. Susquehanna increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. Finally, TD Cowen raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JBLU. Bogart Wealth LLC grew its stake in JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $35,000 after buying an additional 7,000 shares during the last quarter. HUB Investment Partners LLC purchased a new position in JetBlue Airways during the 2nd quarter worth approximately $45,000. Wealth Enhancement Advisory Services LLC purchased a new position in JetBlue Airways during the 2nd quarter worth approximately $47,000. Ballentine Partners LLC purchased a new position in JetBlue Airways during the 2nd quarter worth approximately $48,000. Finally, Alpha Wealth Funds LLC purchased a new position in shares of JetBlue Airways in the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Up 3.3%

JBLU opened at $4.72 on Tuesday. JetBlue Airways has a one year low of $3.34 and a one year high of $8.31. The company has a market cap of $1.72 billion, a P/E ratio of -4.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The business’s 50-day simple moving average is $4.98 and its 200-day simple moving average is $4.66.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%.The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. As a group, equities research analysts expect that JetBlue Airways will post -0.69 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.