Shares of JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) have received a consensus recommendation of “Reduce” from the thirteen research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.02.
JBLU has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Seaport Research Partners lowered JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. UBS Group decreased their target price on JetBlue Airways from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Thursday, September 10th. The Goldman Sachs Group lifted their target price on JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research report on Thursday, July 2nd. Finally, Susquehanna lowered their target price on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th.
Read Our Latest Stock Analysis on JetBlue Airways
JetBlue Airways Stock Performance
JBLU opened at $2.93 on Tuesday. The company’s 50 day moving average is $4.49 and its 200 day moving average is $5.00. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -1.23 and a beta of 1.77. JetBlue Airways has a 12-month low of $2.91 and a 12-month high of $6.62.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last announced its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the company earned ($0.21) earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that JetBlue Airways will post -2.68 EPS for the current year.
Insider Buying and Selling
In other news, CFO Ursula Hurley sold 77,253 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,253 shares of company stock valued at $474,477 in the last three months. Corporate insiders own 2.41% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. increased its holdings in JetBlue Airways by 17.2% in the 1st quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock worth $24,498,000 after acquiring an additional 813,782 shares in the last quarter. Bank of America Corp DE purchased a new position in JetBlue Airways during the second quarter valued at approximately $20,022,000. Primecap Management Co. CA purchased a new position in JetBlue Airways during the second quarter valued at approximately $13,549,000. Counterpoint Mutual Funds LLC boosted its position in shares of JetBlue Airways by 91.1% in the third quarter. Counterpoint Mutual Funds LLC now owns 2,297,994 shares of the transportation company’s stock worth $9,721,000 after purchasing an additional 1,095,610 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of JetBlue Airways by 235.9% in the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after purchasing an additional 1,577,500 shares during the period. 83.71% of the stock is currently owned by institutional investors.
About JetBlue Airways
JetBlue Airways Corp. (NASDAQ:JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America and select destinations in Canada and Europe. The company serves leisure and business travelers through a network centered on major U.S. airports, including New York, Boston, Fort Lauderdale and Orlando.
JetBlue offers multiple travel products, including its core economy service and premium Mint cabins on select routes. Its onboard offerings have included complimentary snacks and beverages, seatback entertainment, Wi-Fi and additional-legroom seating options marketed as Even More Space.
Featured Stories
- Five stocks we like better than JetBlue Airways
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.
