JetBlue Airways Co. (NASDAQ:JBLU) Receives $5.45 Average PT from Brokerages

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have received an average rating of “Reduce” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, eight 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 updated their coverage on the stock in the last year is $5.17.

A number of research analysts have commented on the company. Raymond James upgraded JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a research note on Monday, April 7th. UBS Group dropped their price objective on JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a report on Monday, April 7th. Barclays reduced their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Citigroup decreased their target price on shares of JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price objective for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th.

Insider Buying and Selling at JetBlue Airways

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

Institutional Investors Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of JetBlue Airways by 399.6% in the 3rd quarter. HighTower Advisors LLC now owns 107,246 shares of the transportation company’s stock worth $704,000 after acquiring an additional 85,781 shares during the period. Stifel Financial Corp raised its stake in shares of JetBlue Airways by 21.4% in the third quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock valued at $3,444,000 after purchasing an additional 92,468 shares in the last quarter. XTX Topco Ltd lifted its position in JetBlue Airways by 186.4% in the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock worth $701,000 after purchasing an additional 69,584 shares during the period. Virtu Financial LLC acquired a new stake in JetBlue Airways during the third quarter worth $307,000. Finally, JPMorgan Chase & Co. increased its holdings in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

Shares of JBLU opened at $3.56 on Friday. The business’s 50-day moving average is $5.60 and its 200-day moving average is $6.46. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -1.52 and a beta of 1.69. JetBlue Airways has a fifty-two week low of $3.47 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period last year, the firm posted ($0.19) EPS. Equities research analysts expect 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.