Susquehanna Cuts JetBlue Airways (NASDAQ:JBLU) Price Target to $4.00

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target decreased by equities research analysts at Susquehanna from $6.00 to $4.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target indicates a potential upside of 7.82% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. 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 lowered their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, January 29th. Bank of America cut their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. Finally, Citigroup boosted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.17.

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JetBlue Airways Stock Performance

NASDAQ JBLU traded up $0.02 on Monday, hitting $3.71. The stock had a trading volume of 22,581,028 shares, compared to its average volume of 18,310,564. The company's 50-day moving average is $5.71 and its two-hundred day moving average is $6.50. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -1.59 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways has a one year low of $3.47 and a one year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter last year, the firm posted ($0.19) earnings per share. On average, analysts expect that JetBlue Airways will post -0.69 earnings per share for the current year.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Nik Mittal bought 100,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares of the company's stock, valued at $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of JetBlue Airways

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock valued at $254,749,000 after buying an additional 121,267 shares during the period. FMR LLC increased its holdings in shares of JetBlue Airways by 14,595.7% in the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after purchasing an additional 16,486,326 shares during the period. American Century Companies Inc. lifted its position in shares of JetBlue Airways by 8.4% in the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company's stock worth $68,948,000 after purchasing an additional 678,891 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock worth $52,864,000 after purchasing an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. grew its position in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after purchasing an additional 2,584,350 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 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.