JetBlue Airways Co. (NASDAQ:JBLU – Get Free Report) has been given a consensus rating of “Reduce” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.00.
Several equities research analysts have issued reports on JBLU shares. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Citigroup lifted their price target on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, TD Cowen upped their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th.
Read Our Latest Analysis on JBLU
Institutional Inflows and Outflows
JetBlue Airways Stock Performance
Shares of NASDAQ JBLU opened at $5.72 on Monday. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $7.58. The stock has a 50 day moving average of $5.51 and a 200-day moving average of $5.97. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $1.95 billion, a P/E ratio of -2.32 and a beta of 1.90.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.26. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, equities research analysts predict that JetBlue Airways will post -0.99 EPS for the current year.
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.
See Also
- Five stocks we like better than JetBlue Airways
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- 3 Stocks That Could Rise on European Bank Interest Rate Cuts
- How to Invest in Small Cap Stocks
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Retail Stocks Investing, Explained
- MarketBeat Week in Review – 9/16 – 9/20
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.