JetBlue Airways Corporation (NASDAQ:JBLU) Receives $4.88 Consensus PT from Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received an average recommendation of “Reduce” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.8778.

A number of equities analysts have recently issued reports on JBLU shares. The Goldman Sachs Group lowered their target price on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. Seaport Research Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, April 16th. BMO Capital Markets started coverage on shares of JetBlue Airways in a research report on Tuesday, March 24th. They set a “market perform” rating and a $4.50 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Susquehanna raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th.

Insider Buying and Selling at JetBlue Airways

In related news, Director Thomas Winkelmann sold 35,473 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $4.70, for a total transaction of $166,723.10. Following the completion of the sale, the director directly owned 13,379 shares of the company’s stock, valued at $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds have recently modified their holdings of JBLU. Goldman Sachs Group Inc. lifted its holdings in shares of JetBlue Airways by 85.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after purchasing an additional 5,591,470 shares during the period. Deutsche Bank AG lifted its holdings in shares of JetBlue Airways by 1,157.9% during the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock worth $15,270,000 after purchasing an additional 3,089,226 shares during the period. Par Capital Management Inc. lifted its holdings in shares of JetBlue Airways by 105.3% during the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after purchasing an additional 2,814,870 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $8,795,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of JetBlue Airways by 235.9% during the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after purchasing an additional 1,577,500 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of JBLU opened at $4.58 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25. The firm has a market cap of $1.70 billion, a PE ratio of -2.36 and a beta of 1.69. The company’s 50 day simple moving average is $4.74 and its 200-day simple moving average is $4.88. JetBlue Airways has a 12-month low of $3.84 and a 12-month high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.59) earnings per share. As a group, equities analysts predict that JetBlue Airways will post -2.83 EPS for the current year.

JetBlue Airways Company Profile

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.