Citigroup Boosts JetBlue Airways (NASDAQ:JBLU) Price Target to $5.00

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target lifted by research analysts at Citigroup from $4.25 to $5.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Citigroup's price target would indicate a potential upside of 2.46% from the company's previous close.

A number of other equities analysts have also commented on JBLU. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Susquehanna decreased their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. UBS Group reduced their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. Finally, Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a report on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.16.

JetBlue Airways Price Performance

Shares of JBLU traded up $0.09 during trading hours on Monday, hitting $4.88. The stock had a trading volume of 16,640,832 shares, compared to its average volume of 19,538,380. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.09 and a beta of 1.79. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company's fifty day moving average is $4.67 and its two-hundred day moving average is $6.10. JetBlue Airways has a 52 week low of $3.34 and a 52 week high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the firm earned ($0.43) earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that JetBlue Airways will post -0.69 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company's stock, 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 is accessible through the SEC website. 1.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JBLU. Virtu Financial LLC bought a new position in JetBlue Airways during the 3rd quarter worth about $307,000. JPMorgan Chase & Co. grew its holdings in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after buying an additional 2,584,350 shares in the last quarter. GAMMA Investing LLC raised its position in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock valued at $66,000 after buying an additional 3,857 shares during the last quarter. Ballentine Partners LLC bought a new stake in JetBlue Airways in the 4th quarter valued at approximately $114,000. Finally, SG Americas Securities LLC boosted its position in JetBlue Airways by 5,648.9% during the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock worth $11,555,000 after acquiring an additional 1,444,491 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

About JetBlue Airways

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.