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

JetBlue Airways Co. (NASDAQ:JBLU) has been given an average rating of “Reduce” by the twelve ratings firms that are presently covering the stock, MarketBeat reports. Four investment 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 issued ratings on the stock in the last year is $6.33.

Several equities research analysts have commented on the company. Susquehanna cut their target price on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Citigroup boosted their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Bank of America reaffirmed an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th.

JetBlue Airways Trading Up 1.8 %

NASDAQ:JBLU opened at $5.60 on Monday. JetBlue Airways has a fifty-two week low of $4.50 and a fifty-two week high of $8.31. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The stock has a market capitalization of $1.98 billion, a PE ratio of -2.39 and a beta of 1.80. The business’s 50-day simple moving average is $6.83 and its 200-day simple moving average is $6.64.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the business posted ($0.19) EPS. Sell-side analysts expect that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 represents a 26.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.18% of the stock is owned by insiders.

Institutional Trading of JetBlue Airways

Institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of JetBlue Airways during the 3rd quarter valued at $28,000. Blue Trust Inc. lifted its position 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 valued at $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $40,000. Bogart Wealth LLC lifted 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 acquiring an additional 2,850 shares during the period. Finally, R Squared Ltd bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $58,000. 83.71% of the stock is currently owned by institutional investors.

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.