JetBlue Airways Corporation (NASDAQ:JBLU) Receives $4.93 Average Target Price from Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.9333.

Several equities analysts have recently weighed in on JBLU shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $3.50 price target on shares of JetBlue Airways in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. TD Cowen raised shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Citigroup decreased their price target on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research note on Friday, March 20th.

Insider Activity at JetBlue Airways

In other news, Director Thomas Winkelmann sold 35,473 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.70, for a total transaction of $166,723.10. Following the completion of the transaction, the director directly owned 13,379 shares of the company’s stock, valued at $62,881.30. This trade represents a 72.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the transaction, the director directly owned 35,479 shares of the company’s stock, valued at $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its stake in shares of JetBlue Airways by 157.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of JetBlue Airways in the fourth quarter valued at $30,000. Leonteq Securities AG bought a new position in shares of JetBlue Airways in the fourth quarter valued at $32,000. Finally, Essential Partners LLC grew its stake in shares of JetBlue Airways by 1,048.5% in the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.01 on Wednesday. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $1.86 billion, a P/E ratio of -2.58 and a beta of 1.73. The company’s 50 day moving average price is $4.99 and its two-hundred day moving average price is $4.98. JetBlue Airways has a 52 week low of $3.84 and a 52 week high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.59) earnings per share. On average, analysts expect that JetBlue Airways will post -2.78 earnings per share for the current fiscal year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.