Susquehanna Boosts JetBlue Airways (NASDAQ:JBLU) Price Target to $7.00

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price target hoisted by stock analysts at Susquehanna from $6.00 to $7.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 0.57% from the company's current price.

Several other brokerages have also recently issued reports on JBLU. Citigroup boosted their price target on shares of JetBlue Airways from $5.75 to $6.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. TD Cowen upped their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Finally, Evercore ISI upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.80.

JetBlue Airways Trading Down 1.6 %

Shares of NASDAQ JBLU traded down $0.11 during midday trading on Wednesday, hitting $6.96. 11,308,381 shares of the company traded hands, compared to its average volume of 15,415,774. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $7.65. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. The stock has a 50-day moving average price of $5.61 and a 200 day moving average price of $5.92. The firm has a market cap of $2.37 billion, a P/E ratio of -2.82 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. JetBlue Airways's quarterly revenue was down 8.0% on a year-over-year basis. As a group, analysts expect that JetBlue Airways will post -1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of JetBlue Airways by 0.9% in the first quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company's stock worth $277,336,000 after buying an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after buying an additional 521,767 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company's stock worth $98,360,000 after buying an additional 805,404 shares in the last quarter. American Century Companies Inc. lifted its position in JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock valued at $48,970,000 after purchasing an additional 1,135,217 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the period. Institutional investors own 83.71% of the company's stock.

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.