JetBlue Airways Co. (NASDAQ:JBLU) Receives Average Rating of “Hold” from Analysts

Posted by Defense World Staff on Jun 6th, 2023

Shares of JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.65.

A number of equities research analysts have recently commented on JBLU shares. JPMorgan Chase & Co. reduced their target price on shares of JetBlue Airways from $10.00 to $8.00 in a research report on Monday, May 8th. StockNews.com assumed coverage on shares of JetBlue Airways in a report on Thursday, May 18th. They issued a “hold” rating for the company.

JetBlue Airways Trading Down 2.8 %

Shares of JetBlue Airways stock opened at $6.98 on Tuesday. JetBlue Airways has a twelve month low of $6.18 and a twelve month high of $10.74. The firm’s 50-day moving average price is $6.96 and its 200 day moving average price is $7.45. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.29 billion, a PE ratio of -7.67 and a beta of 1.59.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last released its earnings results on Tuesday, April 25th. The transportation company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.04. JetBlue Airways had a negative return on equity of 3.54% and a negative net margin of 3.07%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the business posted ($0.80) earnings per share. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, sell-side analysts predict that JetBlue Airways will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JBLU. Vanguard Group Inc. raised its stake in shares of JetBlue Airways by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 30,459,166 shares of the transportation company’s stock valued at $201,945,000 after acquiring an additional 804,077 shares during the period. BlackRock Inc. raised its position in JetBlue Airways by 0.8% in the first quarter. BlackRock Inc. now owns 29,092,910 shares of the transportation company’s stock valued at $211,796,000 after purchasing an additional 228,227 shares during the period. Dimensional Fund Advisors LP lifted its stake in JetBlue Airways by 54.7% during the first quarter. Dimensional Fund Advisors LP now owns 14,927,083 shares of the transportation company’s stock worth $108,667,000 after purchasing an additional 5,276,381 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of JetBlue Airways by 14.3% during the first quarter. Donald Smith & CO. Inc. now owns 10,980,313 shares of the transportation company’s stock worth $79,937,000 after buying an additional 1,371,929 shares during the period. Finally, U S Global Investors Inc. grew its stake in shares of JetBlue Airways by 19.9% in the first quarter. U S Global Investors Inc. now owns 9,685,274 shares of the transportation company’s stock valued at $70,509,000 after buying an additional 1,609,740 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The firm offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and the most legroom.