JetBlue Airways Corporation (NASDAQ:JBLU) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• JetBlue Airways has received a consensus rating of "Reduce" from eleven analysts, with four suggesting a sell and seven a hold recommendation.
• The average target price for JetBlue stock is set at $5.1750, following various changes in price objectives from multiple research firms.
• For its latest quarter, JetBlue reported a loss of ($0.16) earnings per share, better than analysts' expectations, with revenue reaching $2.36 billion.

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) has earned a consensus rating of "Reduce" from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.1750.

A number of research firms have recently weighed in on JBLU. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Susquehanna reissued a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. UBS Group increased their price objective on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a research note on Friday, September 5th. Citigroup set a $5.00 price objective on shares of JetBlue Airways and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, TD Cowen increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Monday, September 8th.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $4.70 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The stock has a market cap of $1.71 billion, a PE ratio of -4.27 and a beta of 1.82. The firm's fifty day simple moving average is $4.94 and its 200-day simple moving average is $4.68.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The business had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.26 billion. Analysts expect that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company's stock valued at $130,000 after purchasing an additional 2,954 shares in the last quarter. Pinnacle Holdings LLC lifted its holdings in JetBlue Airways by 1.3% in the 1st quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company's stock valued at $1,145,000 after purchasing an additional 3,113 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in JetBlue Airways by 15.0% in the 1st quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company's stock valued at $122,000 after purchasing an additional 3,302 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in JetBlue Airways by 7.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company's stock valued at $331,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in JetBlue Airways by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 104,341 shares of the transportation company's stock valued at $441,000 after purchasing an additional 5,631 shares in the last quarter. 83.71% of the stock is 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.

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