JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.16 Average Target Price from Analysts

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) has received a consensus rating of "Reduce" from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.16.

Several analysts have recently commented on the stock. Raymond James Financial downgraded shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Citigroup upped their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group set a $3.00 price objective on shares of JetBlue Airways and gave the company a "sell" rating in a report on Monday, July 7th. Barclays lowered their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna decreased 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 report on Monday, April 7th.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of 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 in the last quarter. Renaissance Technologies LLC grew its holdings in shares of JetBlue Airways by 491.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock valued at $33,597,000 after purchasing an additional 3,552,057 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of JetBlue Airways by 3,729.9% in the fourth quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock valued at $27,009,000 after purchasing an additional 3,346,482 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of JetBlue Airways by 60.8% in the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after purchasing an additional 1,968,343 shares in the last quarter. Finally, Norges Bank purchased a new position in JetBlue Airways in the fourth quarter worth approximately $14,624,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Trading Down 3.5%

JetBlue Airways stock traded down $0.16 during trading hours on Friday, hitting $4.41. The company had a trading volume of 14,726,823 shares, compared to its average volume of 21,875,924. The firm has a market cap of $1.56 billion, a P/E ratio of -5.38 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 1 year low of $3.34 and a 1 year high of $8.31. The company has a 50-day moving average price of $4.66 and a two-hundred day moving average price of $5.39.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.02. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. JetBlue Airways's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) EPS. On average, sell-side analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current year.

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.