JetBlue Airways Corporation (NASDAQ:JBLU) Receives $4.93 Consensus PT from Brokerages

JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the eleven analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.9333.

A number of analysts recently commented on the company. UBS Group increased their price target on JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a research report on Tuesday, May 26th. TD Cowen raised JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Seaport Research Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, April 16th. Citigroup reduced their price objective on JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a report on Friday, March 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a report on Tuesday, April 21st.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, Director Vivek Sharma sold 32,000 shares of the stock in a transaction 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 transaction, the director directly owned 35,479 shares of the company’s stock, valued at approximately $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Winkelmann sold 35,473 shares of the 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 transaction, the director directly owned 13,379 shares of the company’s stock, valued at approximately $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JetBlue Airways

A number of large investors have recently made changes to their positions in JBLU. Goldman Sachs Group Inc. boosted its holdings in shares of JetBlue Airways by 85.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after acquiring an additional 5,591,470 shares during the period. Deutsche Bank AG boosted its holdings 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 worth $15,270,000 after acquiring an additional 3,089,226 shares during the period. Par Capital Management Inc. raised its position in shares of JetBlue Airways by 105.3% in 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. Tudor Investment Corp ET AL purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $8,795,000. Finally, Renaissance Technologies LLC raised its position in shares of JetBlue Airways by 235.9% in the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after buying an additional 1,577,500 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.01 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -2.58 and a beta of 1.73. The stock has a 50 day moving average of $4.99 and a 200 day moving average of $4.98. JetBlue Airways has a 12 month low of $3.84 and a 12 month high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.59) earnings per share. As a group, sell-side analysts forecast that JetBlue Airways will post -2.78 earnings per share for the current 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.