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

Shares of JetBlue Airways Co. (NASDAQ:JBLUGet Free Report) have earned a consensus recommendation of “Strong Sell” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.53.

A number of equities research analysts have commented on the stock. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $6.00 to $3.00 in a report on Tuesday, January 9th. Barclays began coverage on shares of JetBlue Airways in a report on Wednesday, March 27th. They set an “underweight” rating and a $6.00 price objective for the company. UBS Group began coverage on shares of JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th.

Check Out Our Latest Research Report on JetBlue Airways

JetBlue Airways Price Performance

JBLU stock opened at $7.42 on Monday. The company has a fifty day moving average price of $6.52 and a 200-day moving average price of $5.38. The company has a market capitalization of $2.52 billion, a P/E ratio of -7.89 and a beta of 1.85. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.57 and a current ratio of 0.60.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts expect that JetBlue Airways will post -0.71 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds have recently made changes to their positions in JBLU. Performa Ltd US LLC boosted its position in JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock valued at $26,000 after buying an additional 2,800 shares during the period. Signaturefd LLC boosted its position in JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock valued at $30,000 after buying an additional 2,751 shares during the period. Quarry LP purchased a new stake in JetBlue Airways during the 1st quarter valued at $32,000. Neo Ivy Capital Management purchased a new stake in JetBlue Airways during the 2nd quarter valued at $33,000. Finally, Versant Capital Management Inc boosted its position in JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,861 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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