JetBlue Airways Co. (NASDAQ:JBLU) Receives Consensus Rating of “Reduce” from Analysts

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been given a consensus rating of “Reduce” by the thirteen research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.45.

Several research firms recently commented on JBLU. Seaport Res Ptn cut JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a “buy” rating to a “hold” rating and cut their target price for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Bank of America decreased their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research note on Thursday, April 3rd. Susquehanna dropped their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Barclays decreased their price objective on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating for the company in a research report on Tuesday.

Insider Activity at JetBlue Airways

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

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of JetBlue Airways by 164.9% during the first quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company’s stock worth $107,000 after buying an additional 13,771 shares during the last quarter. Forum Financial Management LP purchased a new position in JetBlue Airways in the 4th quarter valued at $111,000. Neo Ivy Capital Management acquired a new position in JetBlue Airways in the 4th quarter valued at $2,130,000. Vise Technologies Inc. purchased a new position in JetBlue Airways during the 4th quarter worth $89,000. Finally, PharVision Advisers LLC purchased a new position in JetBlue Airways during the 4th quarter worth $94,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Down 14.0 %

Shares of JBLU opened at $3.69 on Friday. The company’s 50-day simple moving average is $5.76 and its 200-day simple moving average is $6.52. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. JetBlue Airways has a 1 year low of $3.47 and a 1 year high of $8.31. The stock has a market capitalization of $1.31 billion, a PE ratio of -1.58 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter last year, the firm posted ($0.19) EPS. Analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

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.