JetBlue Airways (NASDAQ:JBLU) Price Target Lowered to $6.00 at Susquehanna

JetBlue Airways (NASDAQ:JBLU - Get Free Report) had its price objective lowered by investment analysts at Susquehanna from $8.00 to $6.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's target price would suggest a potential downside of 10.04% from the company's previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group reissued a "sell" rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Barclays raised their target price on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, November 14th. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Citigroup increased their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, JetBlue Airways currently has a consensus rating of "Hold" and a consensus price target of $6.51.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU traded up $0.17 during trading on Tuesday, reaching $6.67. The company had a trading volume of 19,574,616 shares, compared to its average volume of 25,012,682. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.31. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock's fifty day moving average price is $7.22 and its 200 day moving average price is $6.43. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -2.85 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced 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 company posted ($0.19) EPS. As a group, equities research analysts predict that JetBlue Airways will post -0.58 EPS for the current year.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.18% of the company's stock.

Institutional Trading of JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its holdings in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after acquiring an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways during the third quarter worth approximately $28,000. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways in the 4th quarter valued at $40,000. Finally, R Squared Ltd purchased a new stake in shares of JetBlue Airways during the 4th quarter valued at $58,000. 83.71% of the stock is 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.