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

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target cut by research analysts at Susquehanna from $8.00 to $6.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective suggests a potential downside of 10.04% from the stock's current price.

Other equities analysts have also issued reports about the stock. Citigroup raised their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group restated a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, UBS Group lowered their price target 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.51.

JetBlue Airways Trading Up 2.6 %

NASDAQ:JBLU traded up $0.17 during trading hours on Tuesday, hitting $6.67. The stock had a trading volume of 19,663,176 shares, compared to its average volume of 26,478,670. JetBlue Airways has a one year low of $4.49 and a one year high of $8.31. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -2.85 and a beta of 1.83. The business's 50 day moving average is $7.23 and its 200-day moving average is $6.43.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping 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 quarter in the previous year, the business earned ($0.19) earnings per share. Sell-side analysts anticipate that JetBlue Airways will post -0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nik Mittal acquired 100,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company's stock, valued at approximately $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.18% of the company's stock.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning grew its position in shares of JetBlue Airways by 46.9% during the 2nd quarter. Creative Planning now owns 84,062 shares of the transportation company's stock worth $512,000 after buying an additional 26,834 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in JetBlue Airways by 11.0% in the second quarter. B. Riley Wealth Advisors Inc. now owns 62,331 shares of the transportation company's stock valued at $380,000 after buying an additional 6,179 shares during the last quarter. SG Americas Securities LLC purchased a new stake in JetBlue Airways in the third quarter valued at about $168,000. Smith Anglin Financial LLC raised its stake in shares of JetBlue Airways by 14.6% in the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company's stock worth $91,000 after purchasing an additional 1,763 shares during the last quarter. Finally, CWM LLC raised its stake in shares of JetBlue Airways by 45.9% in the third quarter. CWM LLC now owns 45,731 shares of the transportation company's stock worth $300,000 after purchasing an additional 14,383 shares during 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.