JetBlue Airways Corporation (NASDAQ:JBLU) Receives Consensus Rating of “Reduce” from Brokerages

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received an average rating of “Reduce” from the twelve brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.1591.

JBLU has been the topic of a number of analyst reports. Barclays reaffirmed an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Raymond James Financial cut JetBlue Airways from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Citigroup set a $5.00 target price on JetBlue Airways and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Susquehanna reaffirmed a “neutral” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Finally, UBS Group set a $3.00 target price on JetBlue Airways and gave the company a “sell” rating in a research note on Monday, July 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in JetBlue Airways by 85.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company’s stock worth $7,524,000 after purchasing an additional 717,230 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in JetBlue Airways by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 2,512,920 shares of the transportation company’s stock worth $19,752,000 after purchasing an additional 66,183 shares in the last quarter. Kettle Hill Capital Management LLC bought a new position in JetBlue Airways in the fourth quarter worth approximately $6,621,000. Principal Financial Group Inc. grew its stake in JetBlue Airways by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company’s stock worth $7,290,000 after purchasing an additional 64,847 shares in the last quarter. Finally, Prentice Capital Management LP grew its stake in JetBlue Airways by 1,329.0% in the fourth quarter. Prentice Capital Management LP now owns 1,433,316 shares of the transportation company’s stock worth $11,266,000 after purchasing an additional 1,333,016 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Trading Down 2.5%

Shares of JBLU stock opened at $5.14 on Thursday. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $4.96. The company has a market cap of $1.87 billion, a PE ratio of -4.67 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. Research analysts predict that JetBlue Airways will post -0.69 earnings per share for the current year.

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.