JetBlue Airways (NASDAQ:JBLU) Upgraded at Citigroup

Citigroup upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a sell rating to a neutral rating in a report published on Tuesday, MarketBeat.com reports. The firm currently has $6.00 target price on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley decreased their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. TD Cowen upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Thursday, January 22nd. Finally, Susquehanna raised their price objective on JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Eight analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, JetBlue Airways has an average rating of “Reduce” and an average target price of $5.27.

JetBlue Airways Trading Up 1.3%

Shares of JBLU opened at $6.04 on Tuesday. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $7.83. The stock’s 50-day moving average is $4.96 and its two-hundred day moving average is $4.79. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.77. The stock has a market cap of $2.20 billion, a PE ratio of -3.62 and a beta of 1.78.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 27th. The transportation company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.04). The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 24.93%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Equities analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of JetBlue Airways by 131.2% in the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock worth $436,000 after acquiring an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in JetBlue Airways by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after purchasing an additional 274,892 shares during the last quarter. United Services Automobile Association acquired a new position in JetBlue Airways in the first quarter worth $106,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in JetBlue Airways during the second quarter valued at $47,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.