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

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus recommendation of “Reduce” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.16.

Several research firms have weighed in on JBLU. Raymond James upgraded JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research note on Monday, April 7th. Citigroup lifted their target price on JetBlue Airways from $4.25 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Barclays cut their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna reduced their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, April 7th.

Insider Buying and Selling

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

Hedge Funds Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $40,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of JetBlue Airways during the 1st quarter worth approximately $53,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after buying an additional 2,850 shares during the period. Finally, R Squared Ltd acquired a new position in JetBlue Airways in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $4.88 on Tuesday. 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 company has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $6.10. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.09 and a beta of 1.79.

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 the consensus estimate of ($0.61) by $0.02. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.17 billion. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. 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.