Brokerages Set JetBlue Airways Co. (NASDAQ:JBLU) Target Price at $6.43

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average recommendation of “Reduce” from the ten research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.43.

JBLU has been the subject of a number of research analyst reports. Citigroup boosted their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Barclays boosted their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Finally, Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JBLU. Virtu Financial LLC purchased a new position in shares of JetBlue Airways in the 3rd quarter worth about $307,000. Y Intercept Hong Kong Ltd purchased a new position in JetBlue Airways in the third quarter valued at about $1,973,000. XTX Topco Ltd boosted its stake in JetBlue Airways by 186.4% in the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 69,584 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of JetBlue Airways during the 3rd quarter worth approximately $1,761,000. Finally, Stifel Financial Corp raised its holdings in shares of JetBlue Airways by 21.4% in the 3rd quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company’s stock worth $3,444,000 after purchasing an additional 92,468 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.82 on Friday. The firm has a 50 day moving average of $6.56 and a 200-day moving average of $5.95. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -2.71 and a beta of 1.92. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company posted ($0.39) earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that JetBlue Airways will post -0.92 earnings per share for the current year.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.