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

JetBlue Airways Co. (NASDAQ:JBLU) has earned an average recommendation of “Reduce” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.26.

A number of research analysts have issued reports on the stock. Barclays boosted their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Susquehanna reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th.

Insider Buying and Selling

In related news, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred 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 directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nik Mittal purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, 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. Insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 1,823 shares during the period. Jeppson Wealth Management LLC raised its holdings in shares of JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 1,850 shares during the period. Xponance Inc. raised its holdings in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 2,095 shares during the period. Vident Advisory LLC grew its position in JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 2,284 shares in the last quarter. Finally, Blue Trust Inc. grew its position in JetBlue Airways by 130.8% during the fourth 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. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Up 3.6 %

JetBlue Airways stock opened at $6.69 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $6.52. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -2.86 and a beta of 1.83. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted ($0.19) earnings per share. Sell-side analysts expect that JetBlue Airways will post -0.69 earnings per share for the current 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.