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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have received an average rating of “Reduce” from the ten research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.80.

JBLU has been the subject of several research analyst reports. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research note on Friday, October 11th. Susquehanna lifted their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Citigroup lifted their target price on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th.

JetBlue Airways Stock Up 4.1 %

JBLU stock opened at $7.41 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86. The business has a 50 day moving average price of $5.77 and a two-hundred day moving average price of $5.92. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -3.00 and a beta of 1.92. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $7.65.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. Analysts anticipate that JetBlue Airways will post -0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways in the 1st quarter valued at $25,000. Trust Co. of Vermont acquired a new position in JetBlue Airways in the 2nd quarter valued at $27,000. GAMMA Investing LLC raised its holdings in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in JetBlue Airways in the 2nd quarter valued at $34,000. Finally, Point72 DIFC Ltd acquired a new position in JetBlue Airways in the 2nd quarter valued at $48,000. 83.71% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways

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.