Citigroup Forecasts Strong Price Appreciation for JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target lifted by Citigroup from $4.25 to $5.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Citigroup's price target would suggest a potential upside of 4.06% from the company's current price.

A number of other equities analysts also recently weighed in on JBLU. UBS Group cut their target price on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Susquehanna dropped their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays cut their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and a consensus target price of $5.16.

JetBlue Airways Stock Up 7.7 %

JBLU stock traded up $0.35 during trading on Monday, reaching $4.81. 33,625,861 shares of the stock were exchanged, compared to its average volume of 19,414,692. The firm has a market cap of $1.70 billion, a P/E ratio of -2.06 and a beta of 1.79. JetBlue Airways has a twelve month low of $3.34 and a twelve month high of $8.31. The firm's 50 day moving average is $4.73 and its 200 day moving average is $6.15. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted ($0.43) EPS. The firm's revenue was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that JetBlue Airways will post -0.69 EPS for the current year.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently made changes to their positions in the business. Entropy Technologies LP purchased a new position in JetBlue Airways during the 4th quarter valued at $787,000. FMR LLC grew its holdings in shares of JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the period. Raymond James Financial Inc. purchased a new position in shares of JetBlue Airways in the 4th quarter valued at approximately $1,796,000. Intech Investment Management LLC grew its stake in JetBlue Airways by 71.7% in the fourth quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company's stock worth $936,000 after purchasing an additional 49,712 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in JetBlue Airways in the fourth quarter worth $432,000. 83.71% of the stock is currently owned by institutional investors.

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.