JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.18 Average Target Price from Brokerages

JetBlue Airways Corporation (NASDAQ:JBLU) has received an average rating of “Reduce” from the twelve analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.2750.

Several analysts have recently weighed in on the stock. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Barclays reiterated an “underweight” rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Susquehanna lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, September 8th. Finally, UBS Group boosted their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in JetBlue Airways during the 2nd quarter valued at $47,000. HUB Investment Partners LLC bought a new stake in JetBlue Airways during the 2nd quarter valued at $45,000. GW Henssler & Associates Ltd. bought a new stake in JetBlue Airways during the 1st quarter valued at $52,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of JetBlue Airways in the 1st quarter worth $53,000. Finally, Ballentine Partners LLC bought a new stake in shares of JetBlue Airways in the 2nd quarter worth $48,000. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $4.83 on Friday. The company has a fifty day moving average of $4.95 and a 200-day moving average of $4.66. The firm has a market capitalization of $1.76 billion, a P/E ratio of -4.39 and a beta of 1.82. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21. JetBlue Airways has a twelve month low of $3.34 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.15. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. As a group, sell-side analysts anticipate that JetBlue Airways will post -0.69 EPS 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.