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

JetBlue Airways Co. (NASDAQ:JBLU) has been given a consensus recommendation of “Reduce” by the ten analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.00.

Several equities analysts have recently weighed in on JBLU shares. Citigroup upped their price objective on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Finally, TD Cowen lifted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in JBLU. Allspring Global Investments Holdings LLC bought a new position in JetBlue Airways during the first quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after purchasing an additional 2,377 shares during the period. YHB Investment Advisors Inc. purchased a new position in JetBlue Airways in the first quarter valued at approximately $30,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways during the second quarter valued at $34,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Down 0.2 %

Shares of JBLU stock opened at $6.42 on Monday. JetBlue Airways has a fifty-two week low of $3.42 and a fifty-two week high of $7.58. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. The stock has a 50 day simple moving average of $5.50 and a two-hundred day simple moving average of $5.94. The company has a market cap of $2.18 billion, a P/E ratio of -2.60 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 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.26. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. JetBlue Airways’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Research analysts forecast that JetBlue Airways will post -1 earnings per share 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.