JetBlue Airways Co. (NASDAQ:JBLU) Given Average Recommendation of "Reduce" by Brokerages

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) has been assigned a consensus rating of "Reduce" from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $6.26.

A number of research firms have weighed in on JBLU. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. StockNews.com raised JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research note on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Bank of America reissued an "underperform" rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th.

Insiders Place Their Bets

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company's stock.

Institutional Trading of JetBlue Airways

Institutional investors have recently bought and sold shares of the business. Forum Financial Management LP bought a new stake in JetBlue Airways in the 4th quarter valued at $111,000. Neo Ivy Capital Management acquired a new position in JetBlue Airways in the 4th quarter valued at about $2,130,000. Vise Technologies Inc. acquired a new position in JetBlue Airways in the 4th quarter valued at about $89,000. PharVision Advisers LLC acquired a new position in JetBlue Airways in the 4th quarter valued at about $94,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JetBlue Airways by 8.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company's stock valued at $1,517,000 after buying an additional 14,268 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock traded down $0.23 on Thursday, reaching $7.02. The company's stock had a trading volume of 20,924,406 shares, compared to its average volume of 27,252,730. The company has a market capitalization of $2.48 billion, a P/E ratio of -3.00 and a beta of 1.83. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31. The stock has a 50-day moving average price of $7.27 and a 200-day moving average price of $6.51. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the company earned ($0.19) EPS. Analysts expect that JetBlue Airways will post -0.69 EPS for the current 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.