JetBlue Airways (NASDAQ:JBLU) Stock Price Expected to Rise, Susquehanna Analyst Says

JetBlue Airways (NASDAQ:JBLU) had its price objective boosted by investment analysts at Susquehanna from $6.00 to $8.00 in a research report issued to clients and investors 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 6.10% from the stock’s current price.

JBLU has been the subject of a number of other research reports. The Goldman Sachs Group reissued a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. UBS Group restated a “sell” rating and issued a $5.00 price target on shares of JetBlue Airways in a research note on Tuesday, November 26th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Finally, 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. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.65.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded down $0.15 during trading hours on Tuesday, hitting $7.54. 2,336,827 shares of the company traded hands, compared to its average volume of 13,671,218. The firm has a 50-day moving average of $6.72 and a 200 day moving average of $6.22. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -2.99 and a beta of 1.84. JetBlue Airways has a twelve month low of $4.49 and a twelve month high of $8.28.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Maverick Capital Ltd. raised its stake in JetBlue Airways by 136.1% during the third quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock worth $1,612,000 after acquiring an additional 141,605 shares during the period. Quantbot Technologies LP increased its stake in shares of JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after purchasing an additional 334,032 shares during the period. Jade Capital Advisors LLC lifted its holdings in JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 400,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after acquiring an additional 663,865 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new position in shares of JetBlue Airways during the third quarter valued at approximately $794,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.