JetBlue Airways Corporation (NASDAQ:JBLU) Receives Average Recommendation of "Reduce" from Brokerages

Shares of JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) have received a consensus recommendation of "Reduce" from the twelve analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $5.16.

Several analysts recently commented on JBLU shares. Raymond James Financial cut shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Barclays decreased their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Citigroup lifted their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, UBS Group decreased their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $4.27 on Wednesday. The firm's 50 day simple moving average is $4.58 and its 200-day simple moving average is $5.78. The company has a market cap of $1.51 billion, a P/E ratio of -5.21 and a beta of 1.83. 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 has a fifty-two week low of $3.34 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted ($0.43) earnings per share. As a group, equities research analysts predict that JetBlue Airways will post -0.69 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. FMR LLC increased its holdings in JetBlue Airways by 14,595.7% in the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares during the period. Renaissance Technologies LLC increased its holdings in JetBlue Airways by 491.7% in the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock valued at $33,597,000 after buying an additional 3,552,057 shares during the period. Nomura Holdings Inc. increased its holdings in JetBlue Airways by 3,729.9% in the 4th quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company's stock valued at $27,009,000 after buying an additional 3,346,482 shares during the period. Voloridge Investment Management LLC increased its holdings in JetBlue Airways by 60.8% in the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after buying an additional 1,968,343 shares during the period. Finally, Norges Bank bought a new stake in JetBlue Airways in the 4th quarter valued at $14,624,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.