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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.33.

JBLU has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. UBS Group reduced their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Susquehanna reduced their target price on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th.

Insider Transactions at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the transaction, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in the stock. Forum Financial Management LP bought a new stake in JetBlue Airways during the fourth quarter valued at about $111,000. Neo Ivy Capital Management bought a new stake in JetBlue Airways during the fourth quarter valued at about $2,130,000. Vise Technologies Inc. bought a new stake in JetBlue Airways during the fourth quarter valued at about $89,000. PharVision Advisers LLC purchased a new stake in JetBlue Airways in the fourth quarter valued at about $94,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in JetBlue Airways by 8.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company’s stock valued at $1,517,000 after buying an additional 14,268 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 1.1 %

Shares of JBLU opened at $5.43 on Monday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -2.32 and a beta of 1.80. JetBlue Airways has a 1 year low of $4.50 and a 1 year high of $8.31. The business’s 50 day simple moving average is $6.62 and its 200-day simple moving average is $6.63. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 firm posted ($0.19) EPS. As a group, equities analysts expect 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.