Shares of JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) have been assigned a consensus rating of "Reduce" from the eleven ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.1750.
A number of research firms have recently commented on JBLU. Barclays reissued an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. UBS Group raised their price objective on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a report on Friday. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a "neutral" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Finally, Raymond James Financial lowered shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th.
Get Our Latest Analysis on JetBlue Airways
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in JBLU. HUB Investment Partners LLC bought a new position in JetBlue Airways in the 2nd quarter valued at approximately $45,000. Wealth Enhancement Advisory Services LLC bought a new position in JetBlue Airways during the 2nd quarter worth approximately $47,000. Ballentine Partners LLC bought a new position in JetBlue Airways during the 2nd quarter worth approximately $48,000. Alpha Wealth Funds LLC bought a new position in JetBlue Airways during the 2nd quarter worth approximately $51,000. Finally, Rafferty Asset Management LLC bought a new position in JetBlue Airways during the 2nd quarter worth approximately $51,000. Institutional investors own 83.71% of the company's stock.
JetBlue Airways Stock Down 0.2%
JBLU stock opened at $5.08 on Monday. The stock has a market capitalization of $1.85 billion, a P/E ratio of -4.62 and a beta of 1.81. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $8.31. The firm has a 50-day moving average price of $4.71 and a 200-day moving average price of $4.81.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. As a group, equities research analysts anticipate that JetBlue Airways will post -0.69 EPS for the current fiscal year.
About JetBlue Airways
(
Get Free Report)
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.
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