JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.27 Consensus Price Target from Analysts

JetBlue Airways Corporation (NASDAQ:JBLU) has been given a consensus recommendation of “Reduce” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.1136.

JBLU has been the subject of a number of recent analyst reports. Susquehanna upped their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. TD Cowen raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Wednesday, January 7th. Finally, Morgan Stanley dropped their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th.

JetBlue Airways Stock Down 8.9%

Shares of NASDAQ:JBLU traded down $0.40 during trading on Monday, reaching $4.09. 4,983,029 shares of the company traded hands, compared to its average volume of 19,523,438. The firm has a fifty day simple moving average of $5.33 and a 200 day simple moving average of $4.95. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65. JetBlue Airways has a 1-year low of $3.34 and a 1-year high of $6.50. The firm has a market cap of $1.51 billion, a P/E ratio of -2.45 and a beta of 1.71.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. Analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its position in JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after purchasing an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in JetBlue Airways during the fourth quarter valued at approximately $30,000. Leonteq Securities AG bought a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $32,000. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 12,727.3% in the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 7,000 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $41,000. Institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.