JetBlue Airways Corporation (NASDAQ:JBLU) Receives Average Rating of “Reduce” from Brokerages

JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.0278.

Several research firms recently issued reports on JBLU. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Morgan Stanley dropped their price objective on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Citigroup decreased their target price on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a research report on Wednesday. Susquehanna upped their target price on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday. Finally, TD Cowen lifted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Wednesday.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds have recently added to or reduced their stakes in JBLU. SG Americas Securities LLC boosted its stake in shares of JetBlue Airways by 72.8% in the 4th quarter. SG Americas Securities LLC now owns 839,551 shares of the transportation company’s stock worth $3,820,000 after buying an additional 353,606 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in JetBlue Airways by 51.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 5,439 shares during the last quarter. Roxbury Financial LLC bought a new position in JetBlue Airways in the fourth quarter valued at about $242,000. Foguth Wealth Management LLC. purchased a new position in JetBlue Airways in the fourth quarter worth about $95,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of JetBlue Airways during the 3rd quarter valued at about $437,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Up 3.0%

NASDAQ:JBLU opened at $5.19 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. The firm has a market cap of $1.89 billion, a P/E ratio of -3.93 and a beta of 1.78. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The firm has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $4.68.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.16) earnings per share. Analysts predict that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.