JetBlue Airways Corporation (NASDAQ:JBLU) Receives Consensus Rating of “Reduce” from Brokerages

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received an average rating of “Reduce” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.2708.

JBLU has been the subject of a number of analyst reports. TD Cowen raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Wednesday, January 7th. Evercore increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Thursday, January 29th. Citigroup raised JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 target price for the company in a report on Tuesday, February 3rd. The Goldman Sachs Group increased their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Finally, Susquehanna boosted their price objective on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently made changes to their positions in the business. Samalin Investment Counsel LLC purchased a new position in shares of JetBlue Airways during the third quarter worth about $1,129,000. Assenagon Asset Management S.A. grew its stake in JetBlue Airways by 17.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,951,255 shares of the transportation company’s stock worth $9,600,000 after buying an additional 291,758 shares in the last quarter. SG Americas Securities LLC grew its stake in JetBlue Airways by 372.1% in the 3rd quarter. SG Americas Securities LLC now owns 485,945 shares of the transportation company’s stock worth $2,391,000 after buying an additional 383,018 shares in the last quarter. ING Groep NV bought a new position in shares of JetBlue Airways in the 3rd quarter worth $4,920,000. Finally, Soviero Asset Management LP bought a new position in shares of JetBlue Airways in the 2nd quarter worth $2,369,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $5.54 on Monday. The firm has a market capitalization of $2.05 billion, a PE ratio of -3.32 and a beta of 1.71. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. The company has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $4.96. JetBlue Airways has a twelve month low of $3.34 and a twelve month high of $6.92.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Equities analysts forecast that JetBlue Airways will post -0.69 EPS for the current year.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.