JetBlue Airways Co. (NASDAQ:JBLU) Receives Average Rating of “Reduce” from Analysts

JetBlue Airways Co. (NASDAQ:JBLU) has earned a consensus rating of “Reduce” from the eleven analysts that are covering the company, Marketbeat reports. Four equities research 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.

JBLU has been the subject of several recent research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Bank of America reissued an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a research report on Friday, January 17th. Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, UBS Group decreased their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th.

Insider Buying and Selling

In related news, Director Nik Mittal bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. SG Americas Securities LLC acquired a new position in shares of JetBlue Airways in the 3rd quarter valued at $168,000. Creative Planning raised its stake in shares of JetBlue Airways by 14.1% in the 3rd quarter. Creative Planning now owns 95,947 shares of the transportation company’s stock valued at $629,000 after buying an additional 11,885 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of JetBlue Airways by 397.9% in the 3rd quarter. International Assets Investment Management LLC now owns 82,623 shares of the transportation company’s stock valued at $542,000 after buying an additional 66,028 shares in the last quarter. Bogart Wealth LLC raised its stake 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 valued at $28,000 after buying an additional 4,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of JetBlue Airways in the 3rd quarter valued at $5,311,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

Shares of JBLU opened at $6.69 on Thursday. The company’s 50 day moving average price is $7.24 and its 200 day moving average price is $6.52. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.31. The company has a market capitalization of $2.36 billion, a PE ratio of -2.86 and a beta of 1.83. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the prior year, the firm earned ($0.19) EPS. Research analysts expect that JetBlue Airways will post -0.69 EPS 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.