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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have received a consensus rating of “Reduce” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.69.

Several research firms recently weighed in on JBLU. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. UBS Group reduced their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Finally, Susquehanna boosted their target price on JetBlue Airways from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th.

JetBlue Airways Price Performance

JBLU stock opened at $6.58 on Friday. The business’s 50-day moving average is $7.20 and its two-hundred day moving average is $6.43. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market capitalization of $2.28 billion, a P/E ratio of -2.81 and a beta of 1.84. JetBlue Airways has a 1 year low of $4.49 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company earned ($0.19) earnings per share. Analysts anticipate that JetBlue Airways will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Maverick Capital Ltd. raised its stake in shares of JetBlue Airways by 136.1% during the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock worth $1,612,000 after buying an additional 141,605 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of JetBlue Airways by 56.7% during the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares in the last quarter. Jade Capital Advisors LLC boosted its position in shares of JetBlue Airways by 800.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 400,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after purchasing an additional 663,865 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of JetBlue Airways in the third quarter valued at about $794,000. 83.71% of the stock is owned by hedge funds and other 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.