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

Shares of JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) have received an average rating of "Reduce" from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.26.

Several research analysts have weighed in on the company. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. StockNews.com upgraded JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. The Goldman Sachs Group reiterated a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 41,833 shares of the company's stock, valued at $313,747.50. This represents a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This 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 owned by corporate insiders.

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways in the 3rd quarter valued at approximately $28,000. Bogart Wealth LLC raised its holdings in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after buying an additional 4,000 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $40,000. Finally, R Squared Ltd acquired a new position in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Stock Down 2.7 %

NASDAQ:JBLU traded down $0.20 during trading hours on Thursday, hitting $7.05. 14,212,212 shares of the company's stock traded hands, compared to its average volume of 23,505,752. The firm has a market cap of $2.49 billion, a P/E ratio of -3.01 and a beta of 1.83. JetBlue Airways has a twelve month low of $4.49 and a twelve month high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock's fifty day moving average price is $7.27 and its two-hundred day moving average price is $6.49.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the business earned ($0.19) EPS. On average, research analysts expect that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

About JetBlue Airways

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.