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

JetBlue Airways (NASDAQ:JBLU) had its target price raised by Citigroup from $6.00 to $7.75 in a research report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

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

JetBlue Airways Stock Up 2.7 %

Shares of NASDAQ:JBLU opened at $7.18 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -2.56 and a beta of 1.92. The company has a 50 day moving average of $6.07 and a 200-day moving average of $5.94. JetBlue Airways has a one year low of $3.42 and a one year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. The firm 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%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. On average, sell-side analysts forecast that JetBlue Airways will post -0.91 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smith Anglin Financial LLC increased its holdings in JetBlue Airways by 14.6% during the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of 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 boosted its position in shares of JetBlue Airways by 18.2% during the first quarter. PDS Planning Inc now owns 13,947 shares of the transportation company’s stock worth $103,000 after buying an additional 2,148 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of JetBlue Airways by 3.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 58,330 shares of the transportation company’s stock worth $324,000 after buying an additional 2,178 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in 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.