JetBlue Airways (NASDAQ:JBLU) Given New $8.00 Price Target at Susquehanna

JetBlue Airways (NASDAQ:JBLU) had its price target raised by Susquehanna from $6.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 3.90% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Evercore ISI boosted their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Citigroup lifted their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways has an average rating of “Hold” and a consensus price target of $6.65.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $7.70 on Tuesday. The business’s 50-day moving average price is $6.80 and its 200 day moving average price is $6.25. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a twelve month low of $4.49 and a twelve month high of $8.28. The company has a market capitalization of $2.67 billion, a PE ratio of -3.06 and a beta of 1.84.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company earned ($0.39) earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts predict that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Trading of JetBlue Airways

A number of institutional investors and hedge funds have recently modified their holdings of JBLU. Dimensional Fund Advisors LP grew its position in shares of JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after buying an additional 1,135,217 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the period. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 2,584,350 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of JetBlue Airways by 715.3% in 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 acquiring an additional 1,430,622 shares during 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.