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

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has earned an average recommendation of "Reduce" from the ten brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.80.

Several research firms have recently issued reports on JBLU. Susquehanna upped their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Citigroup upped their price objective on JetBlue Airways from $5.75 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. TD Cowen upped their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $7.41 on Friday. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $7.65. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86. The business's 50-day moving average price is $5.77 and its two-hundred day moving average price is $5.92. The stock has a market cap of $2.52 billion, a PE ratio of -3.00 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced 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 return on equity of 10.29% and a negative net margin of 10.18%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts expect that JetBlue Airways will post -0.91 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of JetBlue Airways during the 1st quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC boosted its holdings in shares of JetBlue Airways by 169.8% during the 1st 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. Strategic Investment Solutions Inc. IL bought a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $34,000. Finally, Point72 DIFC Ltd bought a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $48,000. 83.71% of the stock is currently owned by 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.