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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average recommendation of “Reduce” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.69.

A number of equities analysts recently commented on the company. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Susquehanna increased their price target on shares of JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Evercore ISI raised their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd.

JetBlue Airways Trading Up 2.0 %

NASDAQ:JBLU opened at $8.07 on Friday. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31. The business has a fifty day moving average price of $7.15 and a 200-day moving average price of $6.41. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -3.20 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts forecast that JetBlue Airways will post -0.81 EPS for the current year.

Institutional Trading of JetBlue Airways

Several hedge funds and other institutional investors have recently made changes to their positions in JBLU. JPMorgan Chase & Co. increased its position in JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after acquiring an additional 1,444,491 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in JetBlue Airways by 429.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after purchasing an additional 999,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of JetBlue Airways during the third quarter valued at $5,311,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.