Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) Target Price at $5.27

JetBlue Airways Corporation (NASDAQ:JBLU) has received a consensus rating of “Reduce” from the twelve ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.1136.

JBLU has been the subject of a number of research reports. Evercore lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Thursday, January 29th. TD Cowen boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Morgan Stanley dropped their target price on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Citigroup upgraded JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd.

Hedge Funds Weigh In On JetBlue Airways

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. Samalin Investment Counsel LLC acquired a new position in shares of JetBlue Airways during the third quarter valued at $1,129,000. Assenagon Asset Management S.A. grew its position in JetBlue Airways by 17.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,951,255 shares of the transportation company’s stock valued at $9,600,000 after buying an additional 291,758 shares in the last quarter. SG Americas Securities LLC increased its stake in JetBlue Airways by 372.1% during the 3rd quarter. SG Americas Securities LLC now owns 485,945 shares of the transportation company’s stock valued at $2,391,000 after buying an additional 383,018 shares during the period. ING Groep NV bought a new stake in shares of JetBlue Airways during the 3rd quarter worth about $4,920,000. Finally, Soviero Asset Management LP acquired a new stake in shares of JetBlue Airways in the 2nd quarter worth approximately $2,369,000. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Stock Down 1.4%

JBLU stock opened at $5.05 on Monday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -3.02 and a beta of 1.72. JetBlue Airways has a 1-year low of $3.34 and a 1-year high of $6.53. The firm has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $4.96. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.74 and a quick ratio of 0.69.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts predict that JetBlue Airways will post -0.69 EPS for the current year.

About JetBlue Airways

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.