JetBlue Airways Corporation (NASDAQ:JBLU) Given Average Recommendation of “Reduce” by Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the twelve analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.5350.

Several brokerages have recently weighed in on JBLU. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Friday, July 17th. Susquehanna increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. BMO Capital Markets raised their price target on shares of JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Citigroup lifted their price objective on JetBlue Airways from $4.40 to $6.60 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd.

Insider Buying and Selling at JetBlue Airways

In related news, Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total value of $173,120.00. Following the sale, the director owned 35,479 shares of the company’s stock, valued at $191,941.39. The trade was a 47.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ursula L. Hurley sold 77,253 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the sale, the chief financial officer owned 211,099 shares in the company, valued at $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 111,253 shares of company stock worth $629,597. 2.41% of the stock is owned by insiders.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of JetBlue Airways by 0.6% in the fourth quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 1,928 shares during the period. Vident Advisory LLC boosted its holdings in shares of JetBlue Airways by 20.2% during the fourth quarter. Vident Advisory LLC now owns 13,232 shares of the transportation company’s stock worth $60,000 after acquiring an additional 2,226 shares during the period. Essex Financial Services Inc. increased its stake in shares of JetBlue Airways by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock worth $107,000 after purchasing an additional 2,599 shares during the period. Cetera Investment Advisers grew its holdings in JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after buying an additional 2,954 shares in the last quarter. Finally, Amundi lifted its holdings in shares of JetBlue Airways by 8.9% during the first quarter. Amundi now owns 39,447 shares of the transportation company’s stock worth $174,000 after buying an additional 3,238 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Down 0.8%

Shares of JBLU stock opened at $6.36 on Thursday. JetBlue Airways has a one year low of $3.87 and a one year high of $6.62. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a fifty day moving average price of $5.52 and a 200 day moving average price of $5.22. The stock has a market cap of $2.40 billion, a P/E ratio of -2.66 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the firm posted ($0.21) EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts predict that JetBlue Airways will post -2.33 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.