Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) PT at $6.33

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has been given an average recommendation of "Reduce" by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.33.

Several brokerages have commented on JBLU. Morgan Stanley restated an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Susquehanna lowered their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Bank of America restated an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Finally, Citigroup raised their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's 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 of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

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Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in JetBlue Airways in the 3rd quarter worth about $28,000. Blue Trust Inc. boosted 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 valued at $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC boosted 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 valued at $55,000 after purchasing an additional 2,850 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $58,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Down 2.7 %

Shares of JetBlue Airways stock traded down $0.16 during trading on Monday, reaching $5.51. 18,911,876 shares of the stock were exchanged, compared to its average volume of 16,834,197. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock's fifty day moving average is $6.71 and its 200 day moving average is $6.64. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -2.36 and a beta of 1.80. JetBlue Airways has a 1 year low of $4.50 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts' consensus estimates 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 quarter last year, the company earned ($0.19) earnings per share. As a group, equities research analysts expect that JetBlue Airways will post -0.69 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.