JetBlue Airways Co. (NASDAQ:JBLU) Receives $6.69 Average Price Target from Brokerages

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.69.

A number of research firms have weighed in on JBLU. Citigroup lifted their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group reaffirmed a “sell” rating and issued a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Susquehanna upped their target price on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays increased their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.01 on Friday. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock has a market cap of $2.08 billion, a PE ratio of -2.38 and a beta of 1.84. The business has a 50-day simple moving average of $7.18 and a 200-day simple moving average of $6.43.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, equities analysts expect that JetBlue Airways will post -0.81 EPS for the current year.

Institutional Trading of JetBlue Airways

Several large investors have recently added to or reduced their stakes in JBLU. Smith Anglin Financial LLC increased its position in JetBlue Airways by 14.6% during the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,763 shares during the last quarter. Jeppson Wealth Management LLC grew its position in JetBlue Airways by 15.7% in the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after acquiring an additional 1,850 shares during the period. Blue Trust Inc. raised its position in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 2,538 shares during the period. GAMMA Investing LLC lifted its stake in shares of JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

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.