JetBlue Airways (NASDAQ:JBLU) Price Target Increased to $6.00 by Analysts at Susquehanna

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price objective lifted by equities research analysts at Susquehanna from $5.00 to $6.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would indicate a potential downside of 15.37% from the stock's current price.

A number of other brokerages have also weighed in on JBLU. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and increased their price objective for the company from $4.00 to $9.00 in a report on Tuesday, February 20th. Bank of America lowered JetBlue Airways from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $6.00 to $3.00 in a report on Tuesday, January 9th. UBS Group assumed coverage on JetBlue Airways in a report on Wednesday, March 20th. They issued a "sell" rating and a $5.00 price objective on the stock. Evercore ISI increased their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an "in-line" rating in a report on Thursday, April 4th. Finally, Barclays began coverage on JetBlue Airways in a report on Wednesday, March 27th. They issued an "underweight" rating and a $6.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, JetBlue Airways presently has a consensus rating of "Hold" and an average target price of $5.75.

JetBlue Airways Stock Up 0.9 %

JetBlue Airways stock traded up $0.06 during midday trading on Tuesday, reaching $7.09. The company's stock had a trading volume of 9,980,624 shares, compared to its average volume of 16,882,121. The stock's 50-day simple moving average is $6.72 and its 200-day simple moving average is $5.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.60 and a quick ratio of 0.57. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $9.45. The stock has a market capitalization of $2.41 billion, a P/E ratio of -7.54 and a beta of 1.86.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The company had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts expect that JetBlue Airways will post -0.69 EPS for the current year.

Institutional Trading of JetBlue Airways

Institutional investors have recently bought and sold shares of the business. Performa Ltd US LLC grew its holdings in JetBlue Airways by 96.6% in the third quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company's stock valued at $26,000 after purchasing an additional 2,800 shares during the period. GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 169.8% in the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock valued at $28,000 after acquiring an additional 2,377 shares in the last quarter. Signaturefd LLC lifted its position in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company's stock valued at $30,000 after acquiring an additional 2,751 shares in the last quarter. Quarry LP purchased a new position in shares of JetBlue Airways in the first quarter valued at approximately $32,000. Finally, Neo Ivy Capital Management purchased a new position in shares of JetBlue Airways in the second quarter valued at approximately $33,000. 83.71% of the stock is 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.