Analysts Set JetBlue Airways Corporation (NASDAQ:JBLU) PT at $5.41

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have been given an average rating of “Reduce” by the thirteen research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.4136.

A number of research firms recently issued reports on JBLU. Susquehanna boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Barclays decreased their target price on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, September 11th. Citigroup lowered shares of JetBlue Airways from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.60 to $5.30 in a research note on Friday, August 7th. TD Cowen cut their price target on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Monday, August 24th. Finally, Bank of America raised their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 1st.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula Hurley sold 77,253 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer directly owned 211,099 shares in the company, valued at $1,215,930.24. This represents a 26.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 81,253 shares of company stock valued at $465,897. 2.41% of the stock is owned by corporate insiders.

Institutional Trading of JetBlue Airways

A number of large investors have recently modified their holdings of JBLU. Bank of America Corp DE bought a new stake in JetBlue Airways during the 2nd quarter valued at $20,022,000. Primecap Management Co. CA bought a new position in shares of JetBlue Airways during the 2nd quarter worth $13,549,000. Bank of New York Mellon Corp bought a new position in shares of JetBlue Airways during the 2nd quarter worth $11,336,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of JetBlue Airways during the second quarter valued at $10,748,000. Finally, Renaissance Technologies LLC increased its stake 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 valued at $9,928,000 after buying an additional 1,577,500 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $4.37 on Friday. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. JetBlue Airways has a 1-year low of $3.87 and a 1-year high of $6.62. The firm has a market capitalization of $1.65 billion, a P/E ratio of -1.83 and a beta of 1.70. The company’s 50-day moving average is $5.19 and its 200 day moving average is $5.07.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.03. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. Research analysts forecast that JetBlue Airways will post -2.42 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation (NASDAQ: JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.