JetBlue Airways (JBLU) Gets a Hold from Citi
In a report released today, John Godyn from Citi maintained a Hold rating on JetBlue Airways, with a price target of $4.40.
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Godyn covers the Industrials sector, focusing on stocks such as SkyWest, Alaska Air, and Delta Air Lines. According to TipRanks, Godyn has an average return of -1.6% and a 39.25% success rate on recommended stocks.
Currently, the analyst consensus on JetBlue Airways is a Hold with an average price target of $5.13.
Based on JetBlue Airways’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.24 billion and a GAAP net loss of $319 million. In comparison, last year the company earned a revenue of $2.14 billion and had a GAAP net loss of $208 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBLU in relation to earlier this year. Earlier this month, Dawn Southerton, the CAO of JBLU sold 18,193.00 shares for a total of $90,965.00.
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