JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.40 Average Target Price from Brokerages

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have been given a consensus recommendation of “Reduce” by the twelve analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.5050.

Several brokerages have recently issued reports on JBLU. Wall Street Zen downgraded JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. UBS Group boosted their price objective on JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Tuesday, June 23rd. Susquehanna increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Raymond James Financial reaffirmed an “underperform” rating on shares of JetBlue Airways in a report on Monday, July 6th. Finally, BMO Capital Markets upped their price target on JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a report on Wednesday, July 29th.

Insider Activity

In related news, CFO Ursula L. Hurley sold 77,253 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total transaction of $444,977.28. Following the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its position in shares of JetBlue Airways by 0.6% during the fourth quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock valued at $1,488,000 after buying an additional 1,928 shares during the last quarter. Vident Advisory LLC grew its position in JetBlue Airways by 20.2% during the fourth quarter. Vident Advisory LLC now owns 13,232 shares of the transportation company’s stock worth $60,000 after buying an additional 2,226 shares in the last quarter. Essex Financial Services Inc. increased its stake in JetBlue Airways by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 2,599 shares during the period. Cetera Investment Advisers increased its stake in JetBlue Airways by 10.7% during the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,954 shares during the period. Finally, Amundi raised its holdings in JetBlue Airways by 8.9% in the 1st quarter. Amundi now owns 39,447 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 3,238 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $4.80 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The company has a fifty day simple moving average of $5.59 and a 200 day simple moving average of $5.22. The company has a market cap of $1.81 billion, a P/E ratio of -2.01 and a beta of 1.74. JetBlue Airways has a 1 year low of $3.87 and a 1 year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. JetBlue Airways’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted ($0.21) EPS. On average, sell-side analysts predict that JetBlue Airways will post -2.33 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.