JetBlue Airways Co. (NASDAQ:JBLU) Receives $6.55 Average Price Target from Analysts

JetBlue Airways Co. (NASDAQ:JBLU) has earned an average rating of “Reduce” from the eleven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.55.

JBLU has been the topic of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America raised shares of 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 report on Monday, September 9th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Evercore ISI upped their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, Citigroup raised their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $7.51 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a 50 day simple moving average of $6.72 and a 200-day simple moving average of $6.21. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -2.98 and a beta of 1.84. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.28.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during 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%. JetBlue Airways’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.39) earnings per share. On average, equities analysts forecast that JetBlue Airways will post -0.85 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC increased 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 buying an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of JetBlue Airways in the 2nd quarter worth about $34,000. Point72 DIFC Ltd acquired a new position in shares of JetBlue Airways in the 2nd quarter valued at about $48,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of JetBlue Airways during the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.