Susquehanna Has Lowered Expectations for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its price objective lowered by equities researchers at Susquehanna from $8.00 to $6.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price points to a potential downside of 2.04% from the stock’s current price.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Barclays lifted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Finally, Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.51.

JetBlue Airways Stock Performance

Shares of JBLU stock traded up $0.09 on Tuesday, reaching $6.13. The stock had a trading volume of 5,161,106 shares, compared to its average volume of 25,804,838. The stock has a market cap of $2.12 billion, a P/E ratio of -2.61 and a beta of 1.83. 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 1 year low of $4.49 and a 1 year high of $8.31. The company has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $6.43.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Equities research analysts expect that JetBlue Airways will post -0.58 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its stake in JetBlue Airways by 46.9% during the second quarter. Creative Planning now owns 84,062 shares of the transportation company’s stock valued at $512,000 after purchasing an additional 26,834 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in JetBlue Airways by 11.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company’s stock worth $380,000 after acquiring an additional 6,179 shares in the last quarter. SG Americas Securities LLC bought a new stake in JetBlue Airways during the third quarter worth approximately $168,000. Smith Anglin Financial LLC lifted its stake in shares of JetBlue Airways by 14.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after purchasing an additional 1,763 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of JetBlue Airways by 45.9% in the 3rd quarter. CWM LLC now owns 45,731 shares of the transportation company’s stock worth $300,000 after purchasing an additional 14,383 shares during the period. 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.