Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) Price Target at $6.33

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average rating of “Reduce” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.33.

Several equities research analysts recently issued reports on JBLU shares. Bank of America reissued an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. UBS Group lowered their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Finally, Susquehanna lowered their price objective on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th.

Insider Transactions at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares of the company’s stock, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nik Mittal bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after buying an additional 1,823 shares in the last quarter. Xponance Inc. lifted its holdings in shares of JetBlue Airways by 10.2% during the fourth quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock valued at $178,000 after purchasing an additional 2,095 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 2,284 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of JetBlue Airways by 130.8% during 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 last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of JetBlue Airways by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 2,666 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

JBLU stock opened at $5.66 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The firm has a market cap of $2.00 billion, a P/E ratio of -2.42 and a beta of 1.80. JetBlue Airways has a 12-month low of $4.50 and a 12-month high of $8.31. The stock’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.64.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the company posted ($0.19) EPS. As a group, equities research analysts predict that JetBlue Airways will post -0.69 EPS 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.