JetBlue Airways Corporation (NASDAQ:JBLU) Stock Has Average Target Price of $4.94 According to Brokerages

JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.94.

JBLU has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $3.00 to $5.50 in a report on Thursday, November 5th. BMO Capital Markets dropped their price objective on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating on the stock in a research note on Monday, September 28th. Susquehanna reduced their target price on shares of JetBlue Airways from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. UBS Group raised shares of JetBlue Airways from a “sell” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $3.50 in a research report on Monday, October 19th. Finally, Citigroup raised shares of JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $5.30 to $4.50 in a research report on Tuesday, October 6th.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $3.94 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.92. The firm has a fifty day simple moving average of $3.81 and a two-hundred day simple moving average of $4.87. JetBlue Airways has a 12 month low of $2.16 and a 12 month high of $6.62. The firm has a market capitalization of $1.49 billion, a PE ratio of -1.47 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Monday, October 26th. The transportation company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.05). JetBlue Airways had a negative net margin of 10.01% and a negative return on equity of 56.96%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted ($0.40) earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. Analysts forecast that JetBlue Airways will post -2.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average cost of $3.24 per share, for a total transaction of $324,000.00. Following the purchase, the director directly owned 238,537 shares of the company’s stock, valued at approximately $772,859.88. This trade represents a 72.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 6,000 shares of company stock valued at $23,920 over the last 90 days. 2.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently modified their holdings of the stock. U S Global Investors Inc. lifted its stake in JetBlue Airways by 8.4% in the third quarter. U S Global Investors Inc. now owns 6,501,298 shares of the transportation company’s stock valued at $27,500,000 after purchasing an additional 505,067 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of JetBlue Airways in the second quarter valued at approximately $20,022,000. Primecap Management Co. CA purchased a new stake in shares of JetBlue Airways during the 2nd quarter valued at approximately $13,549,000. Counterpoint Mutual Funds LLC boosted its holdings in JetBlue Airways by 91.1% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 2,297,994 shares of the transportation company’s stock worth $9,721,000 after buying an additional 1,095,610 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in JetBlue Airways by 235.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock valued at $9,928,000 after acquiring an additional 1,577,500 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a U.S. passenger airline headquartered in Long Island City, New York. Founded in 1998, the company began flying in 2000 and operates scheduled service across the United States and to destinations in the Caribbean, Latin America, Canada and Europe.

The airline offers economy and premium travel options, including its Mint business-class service on select routes and additional-legroom seating. JetBlue also provides loyalty rewards through its TrueBlue program and sells vacation packages combining flights with other travel services.

Joanna Geraghty became JetBlue’s chief executive officer in February 2024.