JetBlue Airways Co. (NASDAQ:JBLU) Receives $6.31 Average PT from Analysts

JetBlue Airways Co. (NASDAQ:JBLU) has earned an average rating of “Reduce” from the nine research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.53.

Several equities analysts have issued reports on JBLU shares. Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday. TD Cowen raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. Susquehanna raised their price objective on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Citigroup upped their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the stock. Maverick Capital Ltd. bought a new stake in JetBlue Airways in the second quarter worth about $634,000. Jade Capital Advisors LLC raised its holdings in shares of JetBlue Airways by 800.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 400,000 shares during the period. Privium Fund Management UK Ltd purchased a new position in JetBlue Airways in the third quarter valued at approximately $794,000. Texas Permanent School Fund Corp lifted its stake in JetBlue Airways by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 291,021 shares of the transportation company’s stock valued at $2,159,000 after purchasing an additional 4,157 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in JetBlue Airways by 208.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock valued at $2,851,000 after purchasing an additional 264,460 shares during the period. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Up 2.4 %

Shares of JBLU stock opened at $7.11 on Tuesday. 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 firm has a market capitalization of $2.47 billion, a P/E ratio of -2.81 and a beta of 1.92. JetBlue Airways has a twelve month low of $4.09 and a twelve month high of $8.07. The stock’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $5.89.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) earnings per share. As a group, sell-side analysts predict that JetBlue Airways will post -0.94 EPS for the current fiscal 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.