Susquehanna Issues Positive Forecast for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its target price hoisted by Susquehanna from $6.00 to $8.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a report on Friday, November 15th. Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, UBS Group restated a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a research note on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $6.65.

JetBlue Airways Trading Down 3.8 %

NASDAQ:JBLU opened at $7.40 on Tuesday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The business’s 50-day simple moving average is $6.75 and its 200-day simple moving average is $6.24. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.28. The stock has a market capitalization of $2.57 billion, a PE ratio of -2.94 and a beta of 1.84.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. Sell-side analysts expect that JetBlue Airways will post -0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after purchasing an additional 2,584,350 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after buying an additional 1,430,622 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after acquiring an additional 1,135,217 shares during the last quarter. BNP Paribas Financial Markets grew its position in JetBlue Airways by 429.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after acquiring an additional 999,713 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in JetBlue Airways in the third quarter valued at about $5,311,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.