JetBlue Airways (NASDAQ:JBLU) Stock Price Target Lowered at Susquehanna

JetBlue Airways (NASDAQ:JBLU) had its price target cut by equities researchers at Susquehanna from $4.00 to $3.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s price target suggests a potential upside of 5.26% from the stock’s previous close.

A number of other research firms have also recently issued reports on JBLU. Wall Street Zen cut shares of JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. BMO Capital Markets decreased their target price on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research report on Monday, September 28th. UBS Group raised JetBlue Airways from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $4.00 to $3.50 in a research note on Monday, October 19th. The Goldman Sachs Group upped their price target on JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, July 2nd. Finally, Raymond James Financial lowered JetBlue Airways from a “market perform” rating to an “underperform” rating in a report on Monday, July 6th. Nine investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $4.89.

JetBlue Airways Stock Up 1.1%

Shares of NASDAQ JBLU opened at $2.85 on Thursday. The firm has a market cap of $1.08 billion, a PE ratio of -1.06 and a beta of 1.77. JetBlue Airways has a 12-month low of $2.16 and a 12-month high of $6.62. The company’s fifty day simple moving average is $4.06 and its 200 day simple moving average is $4.94. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.05). JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business posted ($0.40) earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, sell-side analysts forecast that JetBlue Airways will post -2.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JBLU. Trust Co. of Vermont acquired a new position in shares of JetBlue Airways during the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JetBlue Airways in the 2nd quarter worth about $27,000. Rockefeller Capital Management L.P. raised its holdings in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after acquiring an additional 3,373 shares during the last quarter. Essential Partners LLC raised its holdings in shares of JetBlue Airways by 1,048.5% in the 1st quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock worth $32,000 after acquiring an additional 6,658 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in JetBlue Airways by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 4,768 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

About JetBlue Airways

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.