JetBlue Airways (NASDAQ:JBLU) Price Target Lowered to $6.00 at Susquehanna

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by Susquehanna from $8.00 to $6.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on JBLU. Citigroup upped their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Bank of America reiterated an “underperform” rating and issued a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Barclays increased their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Finally, Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.51.

JetBlue Airways Price Performance

JBLU opened at $6.18 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock has a market capitalization of $2.14 billion, a P/E ratio of -2.64 and a beta of 1.83. The company’s 50-day simple moving average is $7.20 and its two-hundred day simple moving average is $6.43. JetBlue Airways has a 52-week low of $4.49 and a 52-week high of $8.31.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Maverick Capital Ltd. boosted 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 buying an additional 141,605 shares during the period. Quantbot Technologies LP lifted its position in shares of JetBlue Airways by 56.7% during the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares during the last quarter. Jade Capital Advisors LLC lifted its position in shares of JetBlue Airways by 800.0% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in shares of JetBlue Airways during the third quarter worth $794,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.