JetBlue Airways (NASDAQ:JBLU) Stock Gets Price Target Cut from Susquehanna

JetBlue Airways (NASDAQ:JBLU) had its price objective lowered by Susquehanna from $4.00 to $3.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

JBLU has been the topic of a number of other reports. Bank of America boosted their price objective on JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a research note on Wednesday, July 1st. UBS Group upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $4.00 to $3.50 in a research note on Monday, October 19th. The Goldman Sachs Group boosted their price target on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research report on Thursday, July 2nd. Seaport Research Partners cut shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Thursday, October 15th. Nine research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus price target of $4.89.

JetBlue Airways Stock Performance

Shares of 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. The stock’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $4.92. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.63 and a quick ratio of 0.63. JetBlue Airways has a 1 year low of $2.16 and a 1 year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last issued 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 net margin of 10.01% and a negative return on equity of 56.96%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned ($0.40) EPS. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. On average, equities research analysts forecast that JetBlue Airways will post -2.73 EPS for the current year.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings in shares of JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after purchasing an additional 3,373 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of JetBlue Airways in the second quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of JetBlue Airways in the second quarter worth approximately $27,000. Essential Partners LLC raised its stake in JetBlue Airways by 1,048.5% in the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 6,658 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in JetBlue Airways by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 4,768 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.