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

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has received an average rating of "Reduce" from the eleven brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.55.

Several research firms recently commented on JBLU. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Citigroup upped their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Susquehanna upped their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of JetBlue Airways in the 3rd quarter valued at about $307,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of JetBlue Airways in the third quarter worth about $1,973,000. XTX Topco Ltd grew its holdings in JetBlue Airways by 186.4% during the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company's stock worth $701,000 after acquiring an additional 69,584 shares during the period. Finally, Weiss Asset Management LP purchased a new position in JetBlue Airways during the third quarter valued at approximately $1,761,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Down 1.9 %

JBLU stock traded down $0.15 during trading on Wednesday, hitting $7.86. 15,234,417 shares of the company's stock traded hands, compared to its average volume of 15,973,212. The business has a fifty day simple moving average of $6.70 and a two-hundred day simple moving average of $6.19. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The firm has a market capitalization of $2.73 billion, a P/E ratio of -3.12 and a beta of 1.92. JetBlue Airways has a 1 year low of $4.49 and a 1 year high of $8.28.

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 for the quarter, beating analysts' consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. Sell-side analysts anticipate that JetBlue Airways will post -0.85 EPS 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.