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

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.21.

Several equities research analysts have issued reports on JBLU shares. UBS Group raised their price target on JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, June 23rd. Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Thursday, April 16th. Susquehanna increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, BMO Capital Markets started coverage on shares of JetBlue Airways in a research note on Tuesday, March 24th. They set a “market perform” rating and a $4.50 target price for the company.

Insider Activity

In other JetBlue Airways news, Director Vivek Sharma sold 32,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the transaction, the director directly owned 35,479 shares of the company’s stock, valued at $191,941.39. This represents a 47.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Winkelmann sold 35,473 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $4.70, for a total transaction of $166,723.10. Following the sale, the director owned 13,379 shares of the company’s stock, valued at $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.41% of the stock is owned by corporate insiders.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in JetBlue Airways by 85.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock valued at $55,166,000 after purchasing an additional 5,591,470 shares during the period. U S Global Investors Inc. increased its position in JetBlue Airways by 17.2% during the 1st quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock worth $24,498,000 after buying an additional 813,782 shares during the period. Par Capital Management Inc. lifted its holdings in shares of JetBlue Airways by 105.3% during the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after buying an additional 2,814,870 shares in the last quarter. Invesco Ltd. boosted its position in shares of JetBlue Airways by 10.1% in the second quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock valued at $19,091,000 after acquiring an additional 412,921 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of JetBlue Airways by 1,157.9% in the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after acquiring an additional 3,089,226 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $6.02 on Friday. JetBlue Airways has a 12-month low of $3.87 and a 12-month high of $6.50. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -3.10 and a beta of 1.73. The stock’s 50 day moving average price is $5.16 and its two-hundred day moving average price is $5.08. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 4.25.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.59) earnings per share. On average, analysts anticipate that JetBlue Airways will post -2.64 earnings per share for the current year.

About JetBlue Airways

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.