JetBlue Airways (NASDAQ:JBLU) PT Raised to $7.75 at Citigroup

JetBlue Airways (NASDAQ:JBLU) had its price objective lifted by stock analysts at Citigroup from $6.00 to $7.75 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price would indicate a potential upside of 4.17% from the company’s previous close.

A number of other research firms have also recently issued reports on JBLU. TD Cowen boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Susquehanna boosted their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Friday, October 11th. Evercore ISI upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.98.

JetBlue Airways Trading Down 1.6 %

Shares of JBLU stock traded down $0.12 on Tuesday, reaching $7.44. The company had a trading volume of 6,861,314 shares, compared to its average volume of 15,313,226. The stock has a market cap of $2.53 billion, a PE ratio of -2.99 and a beta of 1.92. The company has a 50-day moving average of $5.87 and a 200-day moving average of $5.92. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. JetBlue Airways has a 12 month low of $3.42 and a 12 month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts forecast that JetBlue Airways will post -0.91 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. Smith Anglin Financial LLC grew its holdings in shares of JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after acquiring an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC grew its stake in JetBlue Airways by 9.9% in the second quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,788 shares in the last quarter. PDS Planning Inc increased its position in shares of JetBlue Airways by 18.2% during the 1st quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock worth $103,000 after purchasing an additional 2,148 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of JetBlue Airways by 3.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after purchasing an additional 2,178 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after buying an additional 2,377 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.