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

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus rating of “Reduce” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.65.

JBLU has been the subject of a number of research reports. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a report on Friday, November 15th. UBS Group reissued a “sell” rating and set a $5.00 target price on shares of JetBlue Airways in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, November 14th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd.

JetBlue Airways Price Performance

JBLU stock opened at $7.40 on Wednesday. The business has a fifty day moving average of $6.75 and a two-hundred day moving average of $6.24. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -2.94 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company earned ($0.39) earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts anticipate that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the third quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in JetBlue Airways in the second quarter valued at about $34,000. Point72 DIFC Ltd acquired a new stake in shares of JetBlue Airways during the 2nd quarter valued at approximately $48,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of JetBlue Airways during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.