JetBlue Airways (NASDAQ:JBLU) Reaches New 1-Year Low - Should You Sell?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $3.44 and last traded at $3.48, with a volume of 6116632 shares trading hands. The stock had previously closed at $3.56.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Raymond James raised JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. UBS Group decreased their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Bank of America cut their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Barclays decreased 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. Finally, Susquehanna cut their price target on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.17.

JetBlue Airways Stock Up 7.3 %

The firm has a market cap of $1.30 billion, a P/E ratio of -1.57 and a beta of 1.69. The stock's 50-day simple moving average is $5.43 and its 200 day simple moving average is $6.40. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS 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 period in the prior year, the firm posted ($0.19) earnings per share. As a group, research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Activity at JetBlue Airways

In related 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 transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in JBLU. CIBC Asset Management Inc boosted its holdings in JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock worth $239,000 after buying an additional 1,823 shares during the period. Xponance Inc. raised its stake in shares of JetBlue Airways by 10.2% during the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after purchasing an additional 2,095 shares during the period. Vident Advisory LLC boosted its stake in JetBlue Airways by 10.9% in the 4th quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock worth $182,000 after purchasing an additional 2,284 shares during the period. Blue Trust Inc. grew its holdings in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of JetBlue Airways by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock valued at $257,000 after buying an additional 2,666 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.