Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) PT at $4.93

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received a consensus rating of “Reduce” from the eleven analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $4.9333.

JBLU has been the topic of a number of research reports. Wall Street Zen upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. UBS Group upped their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, May 26th. Citigroup decreased their price target on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating on the stock in a research note on Friday, March 20th. BMO Capital Markets started coverage on shares of JetBlue Airways in a research report on Tuesday, March 24th. They set a “market perform” rating and a $4.50 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $3.50 price objective on shares of JetBlue Airways in a research note on Monday, June 1st.

Insider Activity at JetBlue Airways

In related news, Director Vivek Sharma sold 32,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total transaction of $173,120.00. Following the transaction, the director owned 35,479 shares in the company, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Winkelmann sold 35,473 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $4.70, for a total value of $166,723.10. Following the completion of the sale, the director owned 13,379 shares of the company’s stock, valued at approximately $62,881.30. The trade was a 72.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JBLU. Rockefeller Capital Management L.P. increased its position in 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 worth $25,000 after purchasing an additional 3,373 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of JetBlue Airways during the 4th quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at approximately $32,000. Finally, Essential Partners LLC raised its position in shares of JetBlue Airways by 1,048.5% during the 1st quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Trading Up 1.2%

JBLU stock opened at $5.29 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25. JetBlue Airways has a 12-month low of $3.84 and a 12-month high of $6.50. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -2.72 and a beta of 1.73. The business’s 50-day moving average is $5.02 and its 200 day moving average is $4.99.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. JetBlue Airways’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.59) EPS. On average, sell-side analysts anticipate that JetBlue Airways will post -2.78 EPS for the current fiscal year.

JetBlue Airways Company Profile

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.