Brokerages Set JetBlue Airways Co. (NASDAQ:JBLU) PT at $6.69

JetBlue Airways Co. (NASDAQ:JBLU) has been assigned an average recommendation of “Reduce” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.69.

A number of analysts have issued reports on the company. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Susquehanna lifted their price target on JetBlue Airways from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Evercore ISI lifted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Citigroup boosted their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the last quarter. JPMorgan Chase & Co. raised its stake in JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after acquiring an additional 2,584,350 shares during the last quarter. Point72 Asset Management L.P. raised its stake in JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after acquiring an additional 1,430,622 shares during the last quarter. SG Americas Securities LLC increased its position in JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock worth $11,555,000 after purchasing an additional 1,444,491 shares during the period. Finally, Empowered Funds LLC increased its position in JetBlue Airways by 8.3% during the 4th quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock worth $10,977,000 after purchasing an additional 107,293 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Trading Up 3.6 %

JBLU opened at $6.32 on Friday. JetBlue Airways has a 12 month low of $4.49 and a 12 month high of $8.31. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2.51 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The business has a fifty day moving average price of $7.18 and a 200 day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. During the same quarter in the prior year, the business posted ($0.19) earnings per share. Sell-side analysts expect that JetBlue Airways will post -0.81 earnings per share for the current fiscal year.

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.