JetBlue Airways Co. (NASDAQ:JBLU) Given Consensus Recommendation of "Reduce" by Analysts

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has earned an average rating of "Reduce" from the twelve brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.33.

A number of brokerages have recently commented on JBLU. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their target price for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Susquehanna reduced their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. UBS Group reduced their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th.

Insiders Place Their Bets

In other news, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares of the company's stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

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Hedge Funds Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways during the third quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $40,000. Bogart Wealth LLC lifted its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after buying an additional 2,850 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Down 1.1 %

NASDAQ JBLU traded down $0.06 during trading on Monday, hitting $5.43. The stock had a trading volume of 18,760,799 shares, compared to its average volume of 16,939,125. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -2.32 and a beta of 1.80. JetBlue Airways has a one year low of $4.50 and a one year high of $8.31. The stock has a 50 day simple moving average of $6.62 and a 200 day simple moving average of $6.65.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the company earned ($0.19) earnings per share. Sell-side 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.