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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been assigned an average rating of “Reduce” from the eleven analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.55.

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. UBS Group reissued a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, Susquehanna increased their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th.

JetBlue Airways Stock Up 0.4 %

Shares of JBLU opened at $7.51 on Wednesday. The firm’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $6.21. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a market cap of $2.61 billion, a P/E ratio of -2.98 and a beta of 1.84. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.28.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. On average, analysts forecast that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after buying an additional 2,584,350 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of JetBlue Airways during the third quarter worth $307,000. Y Intercept Hong Kong Ltd bought a new position in shares of JetBlue Airways in the 3rd quarter valued at $1,973,000. Finally, XTX Topco Ltd boosted its holdings in shares of JetBlue Airways by 186.4% during the 3rd quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 69,584 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

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.