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

Key Points

• JetBlue Airways has received a consensus recommendation of "Reduce" from twelve analysts, with four ratings classified as sell and eight as hold.
• The average 1-year target price for JetBlue stock is $5.16, with recent analyst estimates ranging from a low of $3.00 to a high of $5.00.
• JetBlue reported a loss of ($0.16) EPS in its latest quarterly earnings, surpassing the expected loss of ($0.31) and generating revenues of $2.36 billion.

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) has earned a consensus recommendation of "Reduce" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.1591.

Several equities analysts have weighed in on the company. Citigroup set a $5.00 target price on JetBlue Airways and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. UBS Group set a $3.00 target price on JetBlue Airways and gave the company a "sell" rating in a research note on Monday, July 7th. Raymond James Financial cut JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in JetBlue Airways by 31.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 83,400 shares of the transportation company's stock worth $353,000 after purchasing an additional 20,000 shares during the last quarter. First Trust Advisors LP lifted its holdings in JetBlue Airways by 1,058.5% in the 2nd quarter. First Trust Advisors LP now owns 148,395 shares of the transportation company's stock worth $628,000 after purchasing an additional 135,586 shares during the last quarter. Invesco Ltd. lifted its holdings in JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company's stock worth $19,091,000 after purchasing an additional 412,921 shares during the last quarter. Stablepoint Partners LLC acquired a new stake in JetBlue Airways in the 2nd quarter worth approximately $72,000. Finally, Inceptionr LLC lifted its holdings in JetBlue Airways by 240.7% in the 2nd quarter. Inceptionr LLC now owns 56,314 shares of the transportation company's stock worth $238,000 after purchasing an additional 39,784 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $5.12 on Thursday. The stock's 50-day moving average price is $4.45 and its two-hundred day moving average price is $5.01. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The company has a market cap of $1.86 billion, a PE ratio of -4.65 and a beta of 1.80. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. On average, analysts predict that JetBlue Airways will post -0.69 EPS 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.

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