JetBlue Airways (NASDAQ:JBLU) Given New $5.00 Price Target at Susquehanna

JetBlue Airways (NASDAQ:JBLU) had its price objective lifted by Susquehanna from $4.00 to $5.00 in a report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on JBLU. Citigroup set a $5.00 target price on JetBlue Airways and gave the company a “neutral” rating in a report on Tuesday, July 29th. TD Cowen raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. Barclays reaffirmed an “underweight” rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Finally, UBS Group raised their target price on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a report on Friday, September 5th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $5.28.

JetBlue Airways Trading Up 2.8%

Shares of NASDAQ:JBLU opened at $4.83 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of -4.39 and a beta of 1.82. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The business’s 50 day simple moving average is $4.95 and its 200 day simple moving average is $4.68.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.15. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. JetBlue Airways had a negative return on equity of 15.59% and a negative net margin of 4.22%. On average, research analysts anticipate that JetBlue Airways will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of large investors have recently bought and sold shares of JBLU. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JetBlue Airways by 8.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company’s stock worth $1,517,000 after acquiring an additional 14,268 shares during the period. GAMMA Investing LLC grew its holdings in JetBlue Airways by 164.9% during the 1st quarter. GAMMA Investing LLC now owns 22,124 shares of the transportation company’s stock worth $107,000 after acquiring an additional 13,771 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in JetBlue Airways during the 1st quarter worth about $53,000. Illinois Municipal Retirement Fund grew its holdings in JetBlue Airways by 40.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 176,876 shares of the transportation company’s stock worth $853,000 after acquiring an additional 50,606 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in JetBlue Airways during the 1st quarter worth about $61,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.