JetBlue Airways Corporation (NASDAQ:JBLU) Receives Average Recommendation of “Reduce” from Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have been assigned a consensus recommendation of “Reduce” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Five 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 target among brokerages that have updated their coverage on the stock in the last year is $5.1136.

Several brokerages recently commented on JBLU. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. Evercore lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley dropped their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Finally, Citigroup upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 price objective for the company in a report on Tuesday, February 3rd.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in JetBlue Airways by 85.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after purchasing an additional 5,591,470 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of JetBlue Airways by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company’s stock valued at $32,770,000 after buying an additional 128,622 shares during the last quarter. Par Capital Management Inc. boosted its stake 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 during the period. U S Global Investors Inc. grew its holdings in shares of JetBlue Airways by 4.9% during the fourth quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company’s stock worth $21,516,000 after buying an additional 219,622 shares during the last quarter. Finally, Invesco Ltd. increased its position in JetBlue Airways by 10.1% in the 2nd 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. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $4.48 on Monday. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.74 and a quick ratio of 0.69. The firm has a market capitalization of $1.66 billion, a P/E ratio of -2.68 and a beta of 1.72. JetBlue Airways has a 1-year low of $3.34 and a 1-year high of $6.50. The company’s 50-day moving average is $5.33 and its 200 day moving average is $4.95.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business posted ($0.21) earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Research analysts forecast that JetBlue Airways will post -0.69 EPS 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.