Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) Target Price at $6.33

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned an average rating of “Reduce” from the twelve research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.33.

Several research analysts recently issued reports on the company. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and cut their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Citigroup boosted their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Bank of America reiterated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th.

Insider Buying and Selling

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

Hedge Funds Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its position in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways in the 4th quarter valued at approximately $40,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 2,850 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of JetBlue Airways in the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Up 2.2 %

Shares of JetBlue Airways stock opened at $5.66 on Monday. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways has a 1 year low of $4.50 and a 1 year high of $8.31. The company has a market capitalization of $2.00 billion, a P/E ratio of -2.42 and a beta of 1.80. The business has a 50 day moving average price of $6.71 and a 200 day moving average price of $6.64.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted ($0.19) earnings per share. Sell-side analysts anticipate 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.