JetBlue Airways Co. (NASDAQ:JBLU) Given Average Rating of “Hold” by Brokerages

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.18.

Several equities analysts recently commented on the stock. Seaport Global Securities assumed coverage on shares of JetBlue Airways in a report on Wednesday, June 17th. They set a “buy” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. cut shares of JetBlue Airways from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a research report on Wednesday, June 10th. They noted that the move was a valuation call. Morgan Stanley began coverage on JetBlue Airways in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $16.00 price objective on the stock. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating in a report on Monday, June 8th. Finally, BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th.

Shares of JBLU traded up $0.38 during trading hours on Wednesday, hitting $13.00. The company’s stock had a trading volume of 10,778,117 shares, compared to its average volume of 12,890,702. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -13.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.93. The business has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $10.74. JetBlue Airways has a 52-week low of $6.61 and a 52-week high of $21.65.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($2.02) EPS for the quarter, missing analysts’ consensus estimates of ($1.86) by ($0.16). The firm had revenue of $215.00 million during the quarter, compared to the consensus estimate of $208.51 million. JetBlue Airways had a negative net margin of 4.05% and a negative return on equity of 7.24%. JetBlue Airways’s revenue was down 89.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Research analysts predict that JetBlue Airways will post -5.6 earnings per share for the current year.

In related news, insider Scott M. Laurence sold 8,409 shares of JetBlue Airways stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $10.81, for a total transaction of $90,901.29. Following the completion of the transaction, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $31,965.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.93% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of JBLU. Amundi Pioneer Asset Management Inc. boosted its holdings in JetBlue Airways by 14.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock worth $11,237,000 after acquiring an additional 88,089 shares in the last quarter. UBS Group AG boosted its stake in JetBlue Airways by 22.3% in the 1st quarter. UBS Group AG now owns 743,606 shares of the transportation company’s stock worth $6,655,000 after purchasing an additional 135,600 shares in the last quarter. KBC Group NV grew its position in JetBlue Airways by 3,575.3% during the 1st quarter. KBC Group NV now owns 81,334 shares of the transportation company’s stock valued at $728,000 after purchasing an additional 79,121 shares during the last quarter. American International Group Inc. increased its stake in JetBlue Airways by 1.0% during the 1st quarter. American International Group Inc. now owns 563,140 shares of the transportation company’s stock valued at $5,040,000 after purchasing an additional 5,656 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in JetBlue Airways by 440.1% in the first quarter. Aperio Group LLC now owns 305,524 shares of the transportation company’s stock worth $2,734,000 after buying an additional 248,954 shares during the last quarter. Institutional investors own 76.59% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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