JetBlue Airways Co. (NASDAQ:JBLU) Receives $6.31 Average PT from Brokerages

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has received an average rating of "Reduce" from the nine ratings firms that are presently covering the firm, Marketbeat reports. Two equities 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.31.

Several equities research analysts have recently commented on the company. Susquehanna upped their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $3.00 to $6.00 in a report on Monday, September 9th. Finally, StockNews.com raised JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company's stock valued at $277,336,000 after acquiring an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after purchasing an additional 521,767 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company's stock valued at $98,360,000 after acquiring an additional 805,404 shares in the last quarter. American Century Companies Inc. raised its holdings in JetBlue Airways by 16.4% during the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock worth $37,141,000 after purchasing an additional 663,865 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Down 0.8 %

NASDAQ:JBLU traded down $0.05 during midday trading on Tuesday, hitting $6.32. 16,777,856 shares of the company were exchanged, compared to its average volume of 15,665,635. The company has a market capitalization of $2.19 billion, a PE ratio of -2.53 and a beta of 1.92. JetBlue Airways has a fifty-two week low of $3.77 and a fifty-two week high of $8.07. The company has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $5.88. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted ($0.39) EPS. JetBlue Airways's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that JetBlue Airways will post -0.94 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.