JetBlue Airways Co. (NASDAQ:JBLU) Receives Consensus Recommendation of “Reduce” from Analysts

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.26.

JBLU has been the subject of a number of research reports. Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Bank of America restated an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a research report on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Susquehanna decreased their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $7.33 on Thursday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -3.13 and a beta of 1.83. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company’s 50 day moving average is $7.27 and its 200 day moving average is $6.48.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same quarter in the prior year, the company earned ($0.19) earnings per share. On average, sell-side analysts anticipate that JetBlue Airways will post -0.63 EPS for the current fiscal year.

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Harvest Fund Management Co. Ltd purchased a new stake in JetBlue Airways during the 3rd quarter valued at about $28,000. Bogart Wealth LLC grew its stake in JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares in the last quarter. Blue Trust Inc. boosted its holdings in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways in the 4th quarter valued at about $40,000. Finally, R Squared Ltd acquired a new position in JetBlue Airways in the 4th quarter valued at about $58,000. 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.