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

JetBlue Airways (NASDAQ:JBLU) had its price target increased by investment analysts at Citigroup from $6.00 to $7.75 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price objective points to a potential upside of 7.94% from the company’s current price.

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

JetBlue Airways Trading Down 2.6 %

Shares of JetBlue Airways stock opened at $7.18 on Tuesday. The firm has a market capitalization of $2.44 billion, a PE ratio of -2.91 and a beta of 1.92. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The firm’s 50 day moving average is $5.98 and its 200 day moving average is $5.93. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $8.07.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JBLU. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 37,059,623 shares of the transportation company’s stock valued at $205,681,000 after acquiring an additional 354,086 shares during the period. B. Riley Wealth Advisors Inc. lifted its position 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 valued at $324,000 after acquiring an additional 2,178 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of JetBlue Airways by 64.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,018 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 9,777 shares during the period. GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 169.8% during the 1st 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 period. Finally, Chesley Taft & Associates LLC acquired a new position in shares of JetBlue Airways during the 1st quarter valued at $260,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.