Analysts Set JetBlue Airways Co. (NASDAQ:JBLU) PT at $6.00

JetBlue Airways Co. (NASDAQ:JBLU) has earned an average rating of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.00.

A number of analysts recently issued reports on JBLU shares. TD Cowen increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Citigroup increased their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in JetBlue Airways in the 1st quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in JetBlue Airways in the second quarter worth $27,000. GAMMA Investing LLC increased its stake in JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in JetBlue Airways during the first quarter valued at about $30,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways during the second quarter worth about $34,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $6.42 on Monday. The firm has a market cap of $2.18 billion, a P/E ratio of -2.60 and a beta of 1.90. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $5.50 and its 200-day moving average is $5.94. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $7.58.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. JetBlue Airways’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. Sell-side analysts predict that JetBlue Airways will post -1 earnings per share for the current year.

JetBlue Airways Company Profile

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.