Brokerages Set JetBlue Airways Co. (NASDAQ:JBLU) Price Target at $6.31

JetBlue Airways Co. (NASDAQ:JBLU) has received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $6.53.

JBLU has been the topic of a number of research reports. Citigroup upped their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. TD Cowen increased 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. Finally, Barclays lifted their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday.

JetBlue Airways Price Performance

Shares of JBLU opened at $7.11 on Tuesday. The company’s 50-day moving average is $6.40 and its 200-day moving average is $5.89. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market capitalization of $2.47 billion, a PE ratio of -2.81 and a beta of 1.92. JetBlue Airways has a fifty-two week low of $4.09 and a fifty-two week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly 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. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) EPS. Equities analysts forecast that JetBlue Airways will post -0.94 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently modified their holdings of JBLU. Allspring Global Investments Holdings LLC bought a new stake in shares of JetBlue Airways during the 1st quarter worth $25,000. Trust Co. of Vermont acquired a new position in JetBlue Airways during the second quarter worth about $27,000. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Company Profile

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.