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

JetBlue Airways (NASDAQ:JBLU) had its price objective cut by Susquehanna from $8.00 to $6.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the stock. UBS Group lowered their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Bank of America reiterated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.51.

JetBlue Airways Price Performance

JBLU stock opened at $6.18 on Tuesday. 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 has a one year low of $4.49 and a one year high of $8.31. The stock has a market cap of $2.14 billion, a PE ratio of -2.64 and a beta of 1.83. The firm has a 50 day simple moving average of $7.20 and a two-hundred day simple moving average of $6.43.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted ($0.19) earnings per share. On average, analysts predict that JetBlue Airways will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC raised its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of JetBlue Airways in the 3rd quarter worth about $28,000. Blue Trust Inc. grew its position in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways during the 4th quarter valued at about $40,000. Finally, R Squared Ltd purchased a new stake in JetBlue Airways during the 4th quarter valued at about $58,000. 83.71% of the stock is currently owned by 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.