JetBlue Airways (NASDAQ:JBLU) Given New $4.25 Price Target at Citigroup

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by Citigroup from $7.15 to $4.25 in a research note published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research note on Monday, April 7th. Bank of America lowered their target price on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research note on Thursday, April 3rd. Barclays reduced their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Susquehanna lowered their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.17.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $3.71 on Friday. The stock has a market cap of $1.31 billion, a P/E ratio of -1.59 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways has a twelve month low of $3.47 and a twelve month high of $8.31. The company’s 50-day simple moving average is $5.71 and its 200 day simple moving average is $6.50.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, research analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the transaction, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Blue Trust Inc. increased its position in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of JetBlue Airways in the fourth quarter worth about $40,000. Bogart Wealth LLC raised its position in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new stake in shares of JetBlue Airways during the fourth quarter worth about $58,000. Finally, GAMMA Investing LLC lifted its holdings in shares of JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares in the last quarter. Institutional investors 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.