Susquehanna Forecasts Strong Price Appreciation for JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways (NASDAQ:JBLU) had its target price increased by research analysts at Susquehanna from $4.00 to $5.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 3.52% from the stock’s previous close.

Several other brokerages have also commented on JBLU. Barclays reissued an “underweight” rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Citigroup set a $5.00 price target on shares of JetBlue Airways and gave the stock a “neutral” rating in a report on Tuesday, July 29th. UBS Group boosted their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the stock a “sell” rating in a report on Friday, September 5th. Finally, TD Cowen boosted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, September 8th. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $5.28.

JetBlue Airways Stock Performance

JBLU opened at $4.83 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The firm has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.67. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The stock has a market cap of $1.76 billion, a P/E ratio of -4.39 and a beta of 1.82.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.15. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equities research analysts anticipate that JetBlue Airways will post -0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JBLU. Par Capital Management Inc. lifted its position in JetBlue Airways by 105.3% in the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after buying an additional 2,814,870 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of JetBlue Airways by 755.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,659,497 shares of the transportation company’s stock worth $7,020,000 after buying an additional 1,465,500 shares during the period. Amundi increased its stake in JetBlue Airways by 962.8% in the first quarter. Amundi now owns 1,588,941 shares of the transportation company’s stock valued at $7,659,000 after purchasing an additional 1,439,435 shares during the last quarter. Nuveen LLC purchased a new position in JetBlue Airways in the first quarter valued at approximately $6,130,000. Finally, Jump Financial LLC increased its stake in JetBlue Airways by 55.7% in the first quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company’s stock valued at $16,686,000 after purchasing an additional 1,238,494 shares during the last quarter. Institutional investors and hedge funds 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.