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

by · The Markets Daily

JetBlue Airways (NASDAQ:JBLU – Get Free Report) had its target price raised by equities research analysts at Susquehanna from $4.55 to $5.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential downside of 0.79% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. TD Cowen increased their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup lowered their price target on shares of JetBlue Airways from $4.10 to $4.00 and set a “sell” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $5.03.

Check Out Our Latest Report on JBLU

JetBlue Airways Trading Up 0.2%

Shares of NASDAQ JBLU opened at $5.04 on Friday. The firm has a 50 day moving average price of $4.57 and a two-hundred day moving average price of $4.67. The stock has a market cap of $1.83 billion, a P/E ratio of -3.82 and a beta of 1.78. JetBlue Airways has a 52-week low of $3.34 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. JetBlue Airways’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. As a group, equities analysts forecast that JetBlue Airways will post -0.69 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently bought and sold shares of JBLU. CWM LLC raised its holdings in JetBlue Airways by 3.2% during the third quarter. CWM LLC now owns 78,200 shares of the transportation company’s stock worth $385,000 after buying an additional 2,394 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after acquiring an additional 2,954 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 5,049 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in JetBlue Airways by 51.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,084 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 5,439 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in JetBlue Airways by 7.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,237 shares of the transportation company’s stock worth $331,000 after purchasing an additional 5,588 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

About JetBlue Airways

(Get Free Report)

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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