JetBlue Airways Corporation (NASDAQ:JBLU) Receives $4.80 Consensus Price Target from Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLUGet Free Report) have earned a consensus recommendation of “Reduce” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.8042.

A number of research analysts have issued reports on the stock. TD Cowen upgraded JetBlue Airways from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Evercore lifted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a research report on Thursday, January 29th. BMO Capital Markets initiated coverage on JetBlue Airways in a research note on Tuesday, March 24th. They issued a “market perform” rating and a $4.50 target price for the company. Citigroup decreased their price target on JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Finally, The Goldman Sachs Group lifted their price target on JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a report on Tuesday, January 13th.

Get Our Latest Analysis on JBLU

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $4.22 on Friday. The stock has a market cap of $1.56 billion, a PE ratio of -2.53 and a beta of 1.71. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $6.50. The firm’s fifty day simple moving average is $5.15 and its 200-day simple moving average is $4.85. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 3.65.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. JetBlue Airways’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

JetBlue Airways News Roundup

Here are the key news stories impacting JetBlue Airways this week:

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 3,373 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after acquiring an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of JetBlue Airways in the fourth quarter worth about $30,000. Leonteq Securities AG purchased a new position in JetBlue Airways in the fourth quarter valued at about $32,000. Finally, Bogart Wealth LLC grew its stake in JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 7,000 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways

(Get Free Report)

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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