JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.40 Average Target Price from Analysts

JetBlue Airways Corporation (NASDAQ:JBLU) has earned an average rating of “Reduce” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.5050.

JBLU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Friday, July 17th. UBS Group increased their price target on shares of JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, June 23rd. Bank of America boosted their price objective on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Citigroup downgraded JetBlue Airways from a “neutral” rating to a “sell” rating and decreased their target price for the company from $6.60 to $5.30 in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a report on Wednesday, July 29th.

JetBlue Airways Trading Down 1.8%

Shares of JetBlue Airways stock opened at $4.99 on Monday. The business has a fifty day simple moving average of $5.63 and a two-hundred day simple moving average of $5.23. JetBlue Airways has a 1 year low of $3.87 and a 1 year high of $6.62. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -2.09 and a beta of 1.74. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts forecast that JetBlue Airways will post -2.31 EPS for the current year.

Insider Buying and Selling at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 77,253 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in JetBlue Airways by 131.2% during the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock worth $436,000 after buying an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in JetBlue Airways by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after acquiring an additional 274,892 shares in the last quarter. United Services Automobile Association bought a new stake in shares of JetBlue Airways during the 1st quarter valued at $106,000. Finally, Cetera Investment Advisers grew its holdings in shares of JetBlue Airways by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,954 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.