Analysts Set JetBlue Airways Corporation (NASDAQ:JBLU) Price Target at $5.21

JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned an average recommendation of “Reduce” from the thirteen brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.31.

Several brokerages have recently commented on JBLU. BMO Capital Markets assumed coverage on 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. Bank of America upped their price objective on shares of JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a report on Wednesday, July 1st. The Goldman Sachs Group increased their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research report on Thursday, July 2nd. TD Cowen raised shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, April 16th.

JetBlue Airways Stock Down 5.6%

JetBlue Airways stock opened at $5.72 on Friday. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. The company’s 50-day moving average is $5.19 and its 200-day moving average is $5.10. The firm has a market capitalization of $2.13 billion, a PE ratio of -2.95 and a beta of 1.73. JetBlue Airways has a fifty-two week low of $3.87 and a fifty-two week high of $6.50.

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

Key Headlines Impacting JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Susquehanna raised its price target on JetBlue Airways to $6.00 from $5.00 and kept a neutral rating, suggesting modest upside from current levels. Benzinga report on Susquehanna price target increase
• Positive Sentiment: Another report also noted a price-target increase to $6.00, reinforcing a slightly improved valuation view from some analysts. JetBlue Airways Price Target Raised to $6.00
• Neutral Sentiment: Recent commentary highlighted that lower jet-fuel prices have not translated into meaningfully lower airfares, which could limit margin relief for airlines like JetBlue. Wall Street Journal article on jet-fuel prices and fares
• Negative Sentiment: Raymond James reaffirmed its underperform rating on JetBlue, signaling continued skepticism about the company’s turnaround and profitability. Raymond James reaffirmed Underperform
• Negative Sentiment: One Raymond James note went further, suggesting Chapter 11 could be JetBlue’s best option as its debt burden remains a major concern. Seeking Alpha report on Chapter 11 concern
• Negative Sentiment: Goldman Sachs also remains bearish, keeping a Sell rating even after lifting its target, underscoring that analyst sentiment is still cautious overall. Yahoo Finance article referencing Goldman Sachs view

Insider Buying and Selling

In related news, Director Vivek Sharma sold 32,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the sale, the director directly owned 35,479 shares of the company’s stock, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Winkelmann sold 35,473 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total value of $166,723.10. Following the completion of 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. The SEC filing for this sale provides additional information. Insiders own 2.41% of the company’s stock.

Hedge Funds Weigh In On JetBlue Airways

A number of hedge funds have recently bought and sold shares of JBLU. U S Global Investors Inc. lifted its position in 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 purchasing an additional 219,622 shares during the period. SG Americas Securities LLC raised its position in JetBlue Airways by 72.8% during the fourth quarter. SG Americas Securities LLC now owns 839,551 shares of the transportation company’s stock valued at $3,820,000 after purchasing an additional 353,606 shares in the last quarter. Virtu Financial LLC bought a new stake in JetBlue Airways during the fourth quarter worth $1,333,000. GSA Capital Partners LLP boosted its holdings in shares of JetBlue Airways by 185.8% in the 4th quarter. GSA Capital Partners LLP now owns 462,258 shares of the transportation company’s stock valued at $2,103,000 after purchasing an additional 300,522 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in shares of JetBlue Airways by 75.8% in the 4th quarter. Landscape Capital Management L.L.C. now owns 1,688,335 shares of the transportation company’s stock valued at $7,682,000 after purchasing an additional 728,156 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

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.