JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $8.00 at Susquehanna

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price objective raised by research analysts at Susquehanna from $6.00 to $8.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target indicates a potential upside of 8.11% from the company's current price.

Other research analysts have also issued reports about the stock. UBS Group restated a "sell" rating and set a $5.00 price objective on shares of JetBlue Airways in a research note on Tuesday, November 26th. Evercore ISI increased their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group reiterated a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, StockNews.com upgraded JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Four 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, JetBlue Airways presently has a consensus rating of "Hold" and an average target price of $6.65.

JetBlue Airways Stock Down 3.8 %

Shares of JBLU stock traded down $0.29 during trading on Tuesday, reaching $7.40. The company's stock had a trading volume of 16,801,252 shares, compared to its average volume of 17,559,691. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -2.94 and a beta of 1.84. The business has a fifty day moving average price of $6.73 and a 200-day moving average price of $6.23. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways has a one year low of $4.49 and a one year high of $8.28.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.39) earnings per share. Analysts anticipate that JetBlue Airways will post -0.85 earnings per share for the current year.

Institutional Trading of JetBlue Airways

Institutional investors have recently bought and sold shares of the company. 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 period. Quantbot Technologies LP lifted its holdings in JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company's stock valued at $6,054,000 after acquiring an additional 334,032 shares during the period. Jade Capital Advisors LLC boosted its position in JetBlue Airways by 800.0% in the third 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. increased its position in shares of JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock valued at $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Finally, Privium Fund Management UK Ltd bought a new position in shares of JetBlue Airways in the 3rd quarter worth approximately $794,000. 83.71% of the stock is owned by hedge funds and other 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.