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

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average rating of “Reduce” from the eleven research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.26.

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Citigroup lifted their price target 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 lowered their price objective on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Insider Activity at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction that occurred 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 sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its holdings in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,823 shares during the period. Jeppson Wealth Management LLC raised its position in shares of JetBlue Airways by 15.7% during the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock worth $90,000 after buying an additional 1,850 shares in the last quarter. Xponance Inc. raised its position in shares of JetBlue Airways by 10.2% during the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company’s stock worth $178,000 after buying an additional 2,095 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of JetBlue Airways by 10.9% in the 4th quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company’s stock worth $182,000 after acquiring an additional 2,284 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 2,538 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 2.7 %

Shares of JetBlue Airways stock opened at $6.82 on Thursday. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.31. The company has a market capitalization of $2.41 billion, a PE ratio of -2.91 and a beta of 1.83. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The business has a 50-day moving average of $7.26 and a 200-day moving average of $6.52.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates 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) earnings per share. As a group, equities analysts forecast that JetBlue Airways will post -0.69 EPS for the current fiscal year.

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.