Susquehanna Raises JetBlue Airways (NASDAQ:JBLU) Price Target to $8.00

JetBlue Airways (NASDAQ:JBLU) had its price target raised by equities researchers at Susquehanna from $6.00 to $8.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 3.90% from the company’s current price.

JBLU has been the topic of several other reports. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Citigroup increased their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.65.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $7.70 on Tuesday. The firm has a market cap of $2.67 billion, a P/E ratio of -3.06 and a beta of 1.84. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways has a one year low of $4.49 and a one year high of $8.28. The firm’s 50 day moving average price is $6.80 and its 200-day moving average price is $6.25.

JetBlue Airways (NASDAQ:JBLU) last posted 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. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. JetBlue Airways’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) EPS. As a group, equities research analysts predict that JetBlue Airways will post -0.85 EPS for the current year.

Institutional Trading of JetBlue Airways

Several large investors have recently bought and sold shares of the company. Bogart Wealth LLC grew its stake in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $34,000. Point72 DIFC Ltd purchased a new stake in JetBlue Airways in the 2nd quarter valued at approximately $48,000. Finally, Glenmede Trust Co. NA acquired a new stake in JetBlue Airways during the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.