Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) PT at $5.16

Shares of JetBlue Airways Corporation (NASDAQ:JBLUGet Free Report) have earned a consensus recommendation of “Reduce” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.16.

A number of equities analysts have recently commented on JBLU shares. Wall Street Zen raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, May 15th. Susquehanna cut their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Raymond James Financial downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. UBS Group cut their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a research note on Monday, April 7th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a “neutral” rating in a research note on Monday, May 5th.

View Our Latest Analysis on JBLU

JetBlue Airways Stock Up 1.7%

Shares of JBLU opened at $4.28 on Wednesday. The firm has a market cap of $1.52 billion, a PE ratio of -5.22 and a beta of 1.83. The company’s fifty day moving average is $4.62 and its two-hundred day moving average is $5.73. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 3.31.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted ($0.43) EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBLU. Principal Financial Group Inc. increased its stake in JetBlue Airways by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company’s stock valued at $11,378,000 after buying an additional 40,452 shares during the period. CIBC Asset Management Inc increased its stake in JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,823 shares during the period. Handelsbanken Fonder AB increased its stake in JetBlue Airways by 19.4% in the 4th quarter. Handelsbanken Fonder AB now owns 57,800 shares of the transportation company’s stock valued at $454,000 after buying an additional 9,400 shares during the period. Proficio Capital Partners LLC acquired a new position in JetBlue Airways in the 4th quarter valued at approximately $89,000. Finally, Smartleaf Asset Management LLC increased its stake in JetBlue Airways by 164.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 11,602 shares of the transportation company’s stock valued at $93,000 after buying an additional 7,212 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

About JetBlue Airways

(Get Free Report

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.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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