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

JetBlue Airways Co. (NASDAQ:JBLU) 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sage Rhino Capital LLC increased its stake in JetBlue Airways by 9.9% in the second quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 1,788 shares during the last quarter. PDS Planning Inc raised its holdings in shares of JetBlue Airways by 18.2% during the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock worth $103,000 after buying an additional 2,148 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after buying an additional 2,178 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after buying an additional 2,377 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in JetBlue Airways by 12.5% in the fourth quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 2,717 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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) 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.