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

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

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Barclays lowered their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Susquehanna reduced their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Raymond James Financial lowered JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th.

JetBlue Airways Price Performance

JBLU stock traded up $0.07 during mid-day trading on Wednesday, reaching $4.28. 21,110,348 shares of the company's stock were exchanged, compared to its average volume of 21,482,660. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -5.22 and a beta of 1.83. JetBlue Airways has a 12-month low of $3.34 and a 12-month high of $8.31. The stock's 50 day moving average is $4.62 and its 200 day moving average is $5.73. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.01 and a quick ratio of 0.97.

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

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently bought and sold shares of JBLU. Strs Ohio acquired a new position in JetBlue Airways in the 1st quarter valued at about $197,000. Empowered Funds LLC raised its position in shares of JetBlue Airways by 1.4% during the 1st quarter. Empowered Funds LLC now owns 1,415,860 shares of the transportation company's stock valued at $6,824,000 after buying an additional 19,330 shares during the period. United Services Automobile Association acquired a new position in JetBlue Airways in the first quarter valued at approximately $106,000. Goldman Sachs Group Inc. lifted its holdings in JetBlue Airways by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company's stock valued at $23,085,000 after acquiring an additional 274,892 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company's stock worth $896,000 after acquiring an additional 8,053 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.