JetBlue Airways Co. (NASDAQ:JBLU) Receives $5.16 Average Price Target from Brokerages

Shares of JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) have earned an average rating of "Reduce" from the twelve research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.16.

Several brokerages recently commented on JBLU. Susquehanna reduced their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price target for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Barclays lowered their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Finally, Citigroup increased their target price on JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a research note on Monday, May 5th.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock traded up $0.05 during trading hours on Friday, reaching $5.11. The company had a trading volume of 35,716,311 shares, compared to its average volume of 20,509,287. The firm has a market cap of $1.81 billion, a PE ratio of -2.18 and a beta of 1.79. JetBlue Airways has a one year low of $3.34 and a one year high of $8.31. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The business has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $5.97.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company earned ($0.43) EPS. The firm's revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in JetBlue Airways by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock valued at $254,749,000 after acquiring an additional 121,267 shares during the period. FMR LLC increased its stake in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after purchasing an additional 16,486,326 shares in the last quarter. American Century Companies Inc. increased its stake in shares of JetBlue Airways by 7.8% during the first quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock valued at $45,587,000 after purchasing an additional 685,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of JetBlue Airways by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company's stock valued at $33,567,000 after purchasing an additional 238,342 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of JetBlue Airways by 60.8% in the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock worth $40,897,000 after purchasing an additional 1,968,343 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

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.