JetBlue Airways Co. (NASDAQ:JBLU) Receives Average Rating of "Reduce" from Analysts

Shares of JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) have been assigned an average rating of "Reduce" from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.43.

A number of equities research analysts recently issued reports on the company. Citigroup upped their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. UBS Group reissued a "sell" rating and issued a $5.00 target price on shares of JetBlue Airways in a research note on Tuesday, November 26th. Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Finally, TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Friday, September 6th.

Hedge Funds Weigh In On JetBlue Airways

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of JetBlue Airways by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after buying an additional 521,767 shares during the period. American Century Companies Inc. raised its holdings in shares of JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock valued at $37,141,000 after purchasing an additional 663,865 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock worth $9,930,000 after purchasing an additional 1,430,622 shares during the period. Finally, Empowered Funds LLC raised its holdings in JetBlue Airways by 5.4% in the third quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company's stock valued at $8,457,000 after buying an additional 65,660 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Price Performance

JetBlue Airways stock traded up $0.17 during trading hours on Friday, hitting $6.59. The stock had a trading volume of 18,264,568 shares, compared to its average volume of 17,898,148. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.62 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. JetBlue Airways has a 1-year low of $4.49 and a 1-year high of $8.07. The stock's fifty day moving average is $6.56 and its two-hundred day moving average is $5.94.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted ($0.39) EPS. As a group, analysts predict that JetBlue Airways will post -0.92 earnings per share for the current fiscal 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.