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

JetBlue Airways (NASDAQ:JBLU) had its price objective hoisted by analysts at Susquehanna from $6.00 to $8.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 6.10% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Barclays lifted their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Citigroup raised 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. Finally, Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.65.

JetBlue Airways Price Performance

NASDAQ JBLU traded down $0.15 on Tuesday, reaching $7.54. 2,336,827 shares of the company’s stock traded hands, compared to its average volume of 13,671,218. The stock has a market cap of $2.62 billion, a PE ratio of -2.99 and a beta of 1.84. JetBlue Airways has a 12 month low of $4.49 and a 12 month high of $8.28. The stock has a 50-day simple moving average of $6.72 and a 200 day simple moving average of $6.22. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company earned ($0.39) EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently made changes to their positions in the company. Smith Anglin Financial LLC increased its position in shares of JetBlue Airways by 14.6% in the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after buying an additional 1,763 shares in the last quarter. Jeppson Wealth Management LLC raised its stake in shares of JetBlue Airways by 15.7% during the third quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 1,850 shares during the period. GAMMA Investing LLC boosted its position in JetBlue Airways by 85.8% in the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after buying an additional 3,857 shares during the last quarter. Bogart Wealth LLC raised its position in shares of 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 purchasing an additional 4,000 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the 3rd quarter worth $28,000. Hedge funds and other institutional investors 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.