JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $7.60

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price objective raised by research analysts at Citigroup from $6.85 to $7.60 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. Citigroup's price target points to a potential upside of 8.57% from the stock's current price.

JBLU has been the topic of a number of other research reports. Bank of America upgraded 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 research note on Monday, September 9th. Barclays upped their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. UBS Group reissued a "sell" rating and issued a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. TD Cowen increased their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Finally, StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.55.

JetBlue Airways Stock Down 4.1 %

JBLU stock traded down $0.30 during mid-day trading on Wednesday, reaching $7.00. 19,361,254 shares of the company traded hands, compared to its average volume of 16,033,540. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.07. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The firm's 50 day moving average price is $6.59 and its 200 day moving average price is $6.03. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -2.78 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the business earned ($0.39) EPS. As a group, equities research analysts predict that JetBlue Airways will post -0.89 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently modified their holdings of the business. Maverick Capital Ltd. raised its holdings in JetBlue Airways by 136.1% during the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company's stock valued at $1,612,000 after acquiring an additional 141,605 shares during the period. Quantbot Technologies LP grew its position in shares of JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company's stock valued at $6,054,000 after purchasing an additional 334,032 shares in the last quarter. Jade Capital Advisors LLC lifted its holdings in JetBlue Airways by 800.0% during the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company's stock worth $2,952,000 after purchasing an additional 400,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock worth $37,141,000 after purchasing an additional 663,865 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in JetBlue Airways during the 3rd quarter valued at about $794,000. 83.71% of the stock is currently owned by hedge funds and other 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.