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

Shares of JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) have received an average recommendation of "Reduce" from the ten ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.00.

A number of equities research analysts have weighed in on JBLU shares. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Citigroup lifted their price objective on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Finally, TD Cowen increased 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.

JetBlue Airways Trading Up 0.2 %

Shares of NASDAQ JBLU traded up $0.01 during midday trading on Monday, reaching $5.73. The stock had a trading volume of 15,646,900 shares, compared to its average volume of 15,341,762. The company's 50 day moving average price is $5.51 and its 200 day moving average price is $5.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $7.58. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -2.32 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business's quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that JetBlue Airways will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the 1st quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in JetBlue Airways during the second quarter worth $27,000. GAMMA Investing LLC grew its holdings in JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock worth $28,000 after buying an additional 2,377 shares in the last quarter. YHB Investment Advisors Inc. purchased a new stake in JetBlue Airways in the 1st quarter valued at $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in JetBlue Airways during the 2nd quarter worth $34,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.