Brokerages Set JetBlue Airways Corporation (NASDAQ:JBLU) PT at $5.03

by · The Cerbat Gem

Shares of JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) have been assigned a consensus rating of “Reduce” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.9250.

A number of brokerages recently weighed in on JBLU. Citigroup dropped their price objective on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. Morgan Stanley decreased their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. TD Cowen increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Wednesday, January 7th. Susquehanna raised their price objective on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, The Goldman Sachs Group increased their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a report on Tuesday.

View Our Latest Report on JBLU

JetBlue Airways Trading Down 1.0%

NASDAQ JBLU opened at $4.84 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $1.76 billion, a P/E ratio of -3.67 and a beta of 1.78. JetBlue Airways has a 52-week low of $3.34 and a 52-week high of $8.31. The firm has a 50-day moving average price of $4.62 and a 200 day moving average price of $4.69.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. Equities research analysts expect that JetBlue Airways will post -0.69 EPS for the current year.

Institutional Trading of JetBlue Airways

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position 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 valued at $29,000 after buying an additional 5,049 shares in the last quarter. Bogart Wealth LLC grew its stake in JetBlue Airways by 12,727.3% in the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 7,000 shares during the last quarter. HUB Investment Partners LLC purchased a new position in JetBlue Airways during the 2nd quarter valued at about $45,000. Wealth Enhancement Advisory Services LLC acquired a new position in JetBlue Airways during the second quarter worth about $47,000. Finally, Ballentine Partners LLC purchased a new stake in shares of JetBlue Airways in the second quarter valued at about $48,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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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