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

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.55.

A number of brokerages have recently issued reports on JBLU. UBS Group reaffirmed a “sell” rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup raised their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Barclays increased their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU opened at $7.51 on Wednesday. The business’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $6.21. The company has a market cap of $2.61 billion, a P/E ratio of -2.98 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways has a one year low of $4.49 and a one year high of $8.28.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned ($0.39) earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts forecast that JetBlue Airways will post -0.85 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after acquiring an additional 1,430,622 shares in the last quarter. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after acquiring an additional 1,135,217 shares during the period. BNP Paribas Financial Markets raised its holdings in JetBlue Airways by 429.7% during the third quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after purchasing an additional 999,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in JetBlue Airways in the third quarter worth approximately $5,311,000. Institutional investors own 83.71% of the company’s stock.

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.