JetBlue Airways Co. (NASDAQ:JBLU) Given Consensus Recommendation of “Reduce” by Brokerages

JetBlue Airways Co. (NASDAQ:JBLU) has received a consensus rating of “Reduce” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.69.

A number of brokerages have recently commented on JBLU. Barclays boosted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. Evercore ISI lifted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Finally, UBS Group reiterated a “sell” rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in JetBlue Airways during the 2nd quarter worth $227,000. AE Wealth Management LLC lifted its position in shares of JetBlue Airways by 97.4% in the second quarter. AE Wealth Management LLC now owns 27,193 shares of the transportation company’s stock worth $166,000 after purchasing an additional 13,415 shares in the last quarter. Evergreen Capital Management LLC grew its stake in JetBlue Airways by 20.5% in the second quarter. Evergreen Capital Management LLC now owns 35,012 shares of the transportation company’s stock valued at $213,000 after purchasing an additional 5,947 shares in the last quarter. Point72 DIFC Ltd bought a new stake in JetBlue Airways in the second quarter worth $48,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of JetBlue Airways by 218.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,109 shares of the transportation company’s stock worth $141,000 after buying an additional 15,862 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $8.07 on Friday. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -3.20 and a beta of 1.84. 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 company has a fifty day simple moving average of $7.15 and a 200-day simple moving average of $6.41.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.39) EPS. On average, equities analysts anticipate that JetBlue Airways will post -0.81 EPS 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.