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

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned an average recommendation of “Reduce” from the eleven research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.57.

Several research firms have weighed in on JBLU. Susquehanna upped their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Citigroup lifted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI increased 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 report on Thursday, October 3rd. Finally, Barclays lifted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Maverick Capital Ltd. grew its position in shares of JetBlue Airways by 136.1% in the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock valued at $1,612,000 after purchasing an additional 141,605 shares during the period. Quantbot Technologies LP boosted its stake in JetBlue Airways by 56.7% in the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after buying an additional 334,032 shares during the last quarter. Jade Capital Advisors LLC grew its holdings in JetBlue Airways by 800.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after buying an additional 400,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd purchased a new position in shares of JetBlue Airways during the 3rd quarter worth about $794,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 2.8 %

JBLU stock opened at $7.04 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The company’s 50-day moving average price is $6.60 and its 200 day moving average price is $5.98. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.07. The company has a market cap of $2.44 billion, a P/E ratio of -2.79 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company earned ($0.39) EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts expect that JetBlue Airways will post -0.89 earnings per share for the current fiscal year.

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.