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

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

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

Institutional Inflows and Outflows

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

JetBlue Airways Stock Up 0.5 %

Shares of NASDAQ:JBLU opened at $5.72 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $7.58. The company has a market capitalization of $1.95 billion, a PE ratio of -2.32 and a beta of 1.90. The company has a fifty day moving average of $5.51 and a 200-day moving average of $5.97.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities analysts predict that JetBlue Airways will post -0.99 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.