Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) Price Target at $5.16

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.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) have been given a consensus rating of "Reduce" by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Four research 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 a report on the stock in the last year is $5.1591.

A number of research firms have recently commented on JBLU. UBS Group set a $3.00 price target on JetBlue Airways and gave the stock a "sell" rating in a research report on Monday, July 7th. Citigroup set a $5.00 price target on JetBlue Airways and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a research report on Thursday, May 15th.

JetBlue Airways Trading Up 0.1%

NASDAQ:JBLU traded up $0.01 during mid-day trading on Thursday, hitting $5.23. The company had a trading volume of 3,963,623 shares, compared to its average volume of 24,188,996. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The business's fifty day moving average is $4.45 and its two-hundred day moving average is $4.96. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.88. The firm has a market cap of $1.90 billion, a P/E ratio of -4.75 and a beta of 1.80.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. As a group, research analysts expect that JetBlue Airways will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of hedge funds and other institutional investors have recently bought and sold shares of JBLU. American Century Companies Inc. increased its position in shares of JetBlue Airways by 7.8% during the 1st quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock worth $45,587,000 after purchasing an additional 685,880 shares during the last quarter. Geode Capital Management LLC increased its position in shares of JetBlue Airways by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company's stock worth $32,770,000 after purchasing an additional 128,622 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of JetBlue Airways by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company's stock worth $33,567,000 after purchasing an additional 238,342 shares during the last quarter. Par Capital Management Inc. increased its position in shares of JetBlue Airways by 105.3% during the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company's stock worth $23,212,000 after purchasing an additional 2,814,870 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of JetBlue Airways by 60.8% during the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock worth $40,897,000 after purchasing an additional 1,968,343 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

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.