JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $5.00

JetBlue Airways (NASDAQ:JBLU) had its price objective lifted by Susquehanna from $4.55 to $5.00 in a research report report published on Friday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

JBLU has been the topic of a number of other research reports. TD Cowen lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Wednesday, January 7th. Morgan Stanley lowered their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Citigroup cut their price target on shares of JetBlue Airways from $4.10 to $4.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.03.

JetBlue Airways Trading Up 3.0%

JBLU opened at $5.19 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 3.42. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -3.93 and a beta of 1.78. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $8.31. The stock has a fifty day moving average price of $4.59 and a 200-day moving average price of $4.69.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) earnings per share. As a group, equities research analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JBLU. Caitong International Asset Management Co. Ltd grew its holdings in shares of JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the last quarter. Bogart Wealth LLC lifted its position in JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $35,000 after acquiring an additional 7,000 shares during the period. HUB Investment Partners LLC acquired a new stake in JetBlue Airways during the 2nd quarter worth about $45,000. Wealth Enhancement Advisory Services LLC purchased a new stake in JetBlue Airways during the 2nd quarter valued at about $47,000. Finally, Ballentine Partners LLC acquired a new position in shares of JetBlue Airways in the second quarter valued at about $48,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.