Analysts Set JetBlue Airways Corporation (NASDAQ:JBLU) Price Target at $5.16

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) has been given a consensus rating of "Reduce" by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.16.

Several equities research analysts recently weighed in on the company. Bank of America decreased their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen upgraded JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th. Citigroup boosted their target price on JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group set a $3.00 target price on JetBlue Airways and gave the stock a "sell" rating in a research note on Monday, July 7th. Finally, Barclays dropped their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th.

JetBlue Airways Trading Up 4.0%

Shares of NASDAQ JBLU traded up $0.18 during mid-day trading on Friday, reaching $4.63. 19,575,248 shares of the company's stock were exchanged, compared to its average volume of 21,893,391. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -5.65 and a beta of 1.76. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.97 and a current ratio of 1.01. JetBlue Airways has a 52-week low of $3.34 and a 52-week high of $8.31. The company's 50-day moving average is $4.63 and its 200-day moving average is $5.34.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative return on equity of 11.93% and a negative net margin of 3.12%. JetBlue Airways's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted ($0.43) EPS. Analysts expect that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in JetBlue Airways by 14,595.7% in 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 during the last quarter. Renaissance Technologies LLC increased its stake in shares of JetBlue Airways by 491.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock worth $33,597,000 after purchasing an additional 3,552,057 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of JetBlue Airways by 3,729.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock worth $27,009,000 after purchasing an additional 3,346,482 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of JetBlue Airways by 60.8% during 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. Finally, Norges Bank acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at $14,624,000. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Company Profile

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.