JetBlue Airways Co. (NASDAQ:JBLU) Receives Average Recommendation of "Reduce" from Brokerages

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has received a consensus recommendation of "Reduce" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.17.

Several research analysts recently issued reports on the stock. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a research note on Monday, April 7th. UBS Group dropped their price objective on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Barclays lowered their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Citigroup cut their price target on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research note on Friday. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th.

Insider Buying and Selling at JetBlue Airways

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

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Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after purchasing an additional 16,486,326 shares during the last quarter. Renaissance Technologies LLC raised its stake in JetBlue Airways by 491.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock worth $33,597,000 after buying an additional 3,552,057 shares in the last quarter. Nomura Holdings Inc. boosted its position in JetBlue Airways by 3,729.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock valued at $27,009,000 after acquiring an additional 3,346,482 shares in the last quarter. JPMorgan Chase & Co. lifted its position in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after buying an additional 2,584,350 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in JetBlue Airways by 60.8% during the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after acquiring an additional 1,968,343 shares during the period. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Trading Down 0.3 %

Shares of NASDAQ JBLU traded down $0.01 during trading on Friday, reaching $3.70. The company had a trading volume of 22,072,373 shares, compared to its average volume of 18,328,944. JetBlue Airways has a 12 month low of $3.47 and a 12 month high of $8.31. 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 has a market cap of $1.31 billion, a P/E ratio of -1.58 and a beta of 1.69. The company's fifty day moving average price is $5.71 and its 200-day moving average price is $6.50.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 quarter in the previous year, the firm earned ($0.19) earnings per share. As a group, research analysts expect 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.