Susquehanna Has Lowered Expectations for JetBlue Airways (NASDAQ:JBLU) Stock Price

JetBlue Airways (NASDAQ:JBLU) had its price target reduced by Susquehanna from $8.00 to $6.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential downside of 1.96% from the company’s current price.

Other analysts have also recently issued reports about the stock. Citigroup raised their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. UBS Group reduced their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.51.

JetBlue Airways Price Performance

NASDAQ JBLU opened at $6.12 on Tuesday. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.31. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -2.62 and a beta of 1.83. The company has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned ($0.19) earnings per share. Analysts forecast that JetBlue Airways will post -0.58 EPS for the current year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maverick Capital Ltd. grew its position in JetBlue Airways by 136.1% in the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock worth $1,612,000 after purchasing an additional 141,605 shares during the last quarter. Quantbot Technologies LP grew its position in JetBlue Airways by 56.7% in the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock worth $6,054,000 after purchasing an additional 334,032 shares during the last quarter. Jade Capital Advisors LLC grew its position in JetBlue Airways by 800.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after purchasing an additional 400,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in JetBlue Airways in the 3rd quarter worth $794,000. 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.