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

JetBlue Airways Co. (NASDAQ:JBLU) has earned a consensus recommendation of “Reduce” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.26.

A number of equities research analysts have recently commented on JBLU shares. Susquehanna lowered their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Bank of America reaffirmed an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Finally, Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in JBLU. Harvest Fund Management Co. Ltd acquired a new position in shares of JetBlue Airways during the third quarter worth about $28,000. Bogart Wealth LLC raised its holdings in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares during the period. Blue Trust Inc. raised its holdings 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 buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the 4th quarter worth approximately $40,000. Finally, R Squared Ltd acquired a new stake in JetBlue Airways in the fourth quarter valued at approximately $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU opened at $6.82 on Thursday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The business’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $6.52. The stock has a market cap of $2.41 billion, a PE ratio of -2.91 and a beta of 1.83. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned ($0.19) EPS. On average, analysts forecast that JetBlue Airways will post -0.69 EPS for the current fiscal 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.