JetBlue Airways (NASDAQ:JBLU) Given New $5.00 Price Target at Susquehanna

Key Points

• Susquehanna has raised its price target for JetBlue Airways from $4.00 to $5.00, indicating a potential upside of 5.15% from the current share price.
• The stock has a consensus rating of "Reduce", with seven analysts recommending a Hold and four a Sell rating.
• JetBlue's shares saw a slight increase of 1.2%, trading at $4.76, with a 50-day moving average of $4.94.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price objective raised by research analysts at Susquehanna from $4.00 to $5.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target suggests a potential upside of 5.15% from the company's current price.

A number of other brokerages have also recently issued reports on JBLU. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. Citigroup set a $5.00 price objective on JetBlue Airways and gave the company a "neutral" rating in a research report on Tuesday, July 29th. UBS Group increased their price objective on JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a research report on Friday, September 5th. Finally, TD Cowen raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a "hold" rating in a research report on Monday, September 8th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $5.28.

JetBlue Airways Stock Up 1.2%

Shares of JBLU traded up $0.06 during trading hours on Friday, reaching $4.76. The company's stock had a trading volume of 3,971,243 shares, compared to its average volume of 23,044,441. The company has a 50 day moving average of $4.94 and a two-hundred day moving average of $4.68. JetBlue Airways has a 1-year low of $3.34 and a 1-year high of $8.31. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -4.31 and a beta of 1.82. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 3.21.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. As a group, research analysts predict that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Amundi raised its stake in JetBlue Airways by 962.8% during the first quarter. Amundi now owns 1,588,941 shares of the transportation company's stock worth $7,659,000 after acquiring an additional 1,439,435 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of JetBlue Airways by 64.1% in the first quarter. Quantbot Technologies LP now owns 1,119,099 shares of the transportation company's stock valued at $5,394,000 after buying an additional 437,082 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of JetBlue Airways by 85.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,560,958 shares of the transportation company's stock valued at $7,524,000 after buying an additional 717,230 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of JetBlue Airways by 29.7% in the first quarter. Public Sector Pension Investment Board now owns 964,256 shares of the transportation company's stock valued at $4,648,000 after buying an additional 221,036 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of JetBlue Airways by 4.5% in the first quarter. Principal Financial Group Inc. now owns 1,512,443 shares of the transportation company's stock valued at $7,290,000 after buying an additional 64,847 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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