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

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

A number of other brokerages have also issued reports on JBLU. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. 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. Morgan Stanley restated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, UBS Group reiterated a “sell” rating and issued a $5.00 price objective on shares of JetBlue Airways in a research report on Tuesday, November 26th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.65.

JetBlue Airways Stock Up 4.1 %

JetBlue Airways stock opened at $7.70 on Tuesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -3.06 and a beta of 1.84. The firm has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $6.26. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.28. 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 announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.39) EPS. As a group, analysts forecast that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways during the 2nd quarter valued at $34,000. Point72 DIFC Ltd bought a new position in JetBlue Airways in the 2nd quarter valued at $48,000. Finally, Glenmede Trust Co. NA acquired a new position in JetBlue Airways in the third quarter worth $66,000. 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.