JetBlue Airways (NASDAQ:JBLU) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of JetBlue Airways (NASDAQ:JBLU) in a report released on Thursday, Marketbeat.com reports. The brokerage issued a sell rating and a $4.10 price target on the transportation company’s stock.

A number of other research analysts also recently issued reports on the stock. UBS Group raised their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. Susquehanna lifted their target price on JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, TD Cowen upped their target price on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, JetBlue Airways currently has an average rating of “Reduce” and an average target price of $5.15.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $4.79 on Thursday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The firm’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $4.67. The firm has a market cap of $1.74 billion, a PE ratio of -3.63 and a beta of 1.76.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. JetBlue Airways’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts forecast that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Large investors have recently added to or reduced their stakes in the business. Par Capital Management Inc. increased its stake in JetBlue Airways by 105.3% in the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after purchasing an additional 2,814,870 shares in the last quarter. Prentice Capital Management LP raised its holdings in JetBlue Airways by 210.4% during the third quarter. Prentice Capital Management LP now owns 2,276,428 shares of the transportation company’s stock valued at $11,200,000 after buying an additional 1,542,959 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in JetBlue Airways by 755.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,659,497 shares of the transportation company’s stock valued at $7,020,000 after buying an additional 1,465,500 shares in the last quarter. Amundi lifted its position in shares of JetBlue Airways by 962.8% in the first quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock worth $7,659,000 after buying an additional 1,439,435 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of JetBlue Airways during the 1st quarter worth about $6,130,000. 83.71% of the stock is currently owned by institutional investors.

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.