JetBlue Airways Corporation (NASDAQ:JBLU) Stock Has Consensus Price Target of $5.02

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received an average rating of “Reduce” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.98.

Several equities research analysts have commented on JBLU shares. BMO Capital Markets lowered their price objective on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating on the stock in a research report on Monday, September 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Thursday. UBS Group raised shares of JetBlue Airways from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.00 to $3.50 in a report on Monday. TD Cowen decreased their target price on shares of JetBlue Airways from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, August 24th. Finally, Susquehanna decreased their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $2.91 on Tuesday. JetBlue Airways has a 52-week low of $2.88 and a 52-week high of $6.62. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The stock has a market cap of $1.10 billion, a PE ratio of -1.22 and a beta of 1.77. The business has a 50-day simple moving average of $4.43 and a 200-day simple moving average of $5.00.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%. JetBlue Airways’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share. On average, equities analysts expect that JetBlue Airways will post -2.68 EPS for the current year.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula Hurley sold 77,253 shares of JetBlue Airways stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 83,253 shares of company stock worth $474,477 in the last quarter. 2.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC grew its stake in JetBlue Airways by 91.1% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 2,297,994 shares of the transportation company’s stock valued at $9,721,000 after acquiring an additional 1,095,610 shares during the period. Farther Finance Advisors LLC increased its holdings in JetBlue Airways by 101.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 14,031 shares of the transportation company’s stock worth $59,000 after acquiring an additional 7,059 shares in the last quarter. Cim Investment Management Inc. raised its position in JetBlue Airways by 7.3% during the second quarter. Cim Investment Management Inc. now owns 47,282 shares of the transportation company’s stock worth $271,000 after acquiring an additional 3,203 shares during the period. The Manufacturers Life Insurance Company raised its position in JetBlue Airways by 15.5% during the second quarter. The Manufacturers Life Insurance Company now owns 157,664 shares of the transportation company’s stock worth $903,000 after acquiring an additional 21,131 shares during the period. Finally, WINTON GROUP Ltd raised its position in JetBlue Airways by 95.6% during the second quarter. WINTON GROUP Ltd now owns 553,212 shares of the transportation company’s stock worth $3,170,000 after acquiring an additional 270,358 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corp. (NASDAQ:JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America and select destinations in Canada and Europe. The company serves leisure and business travelers through a network centered on major U.S. airports, including New York, Boston, Fort Lauderdale and Orlando.

JetBlue offers multiple travel products, including its core economy service and premium Mint cabins on select routes. Its onboard offerings have included complimentary snacks and beverages, seatback entertainment, Wi-Fi and additional-legroom seating options marketed as Even More Space.