Susquehanna Cuts JetBlue Airways (NASDAQ:JBLU) Price Target to $4.00

JetBlue Airways (NASDAQ:JBLU) had its price target lowered by Susquehanna from $6.00 to $4.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $7.00 in a research note on Tuesday, March 4th. Citigroup lifted their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. UBS Group decreased their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Finally, Raymond James upgraded shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a research note on Monday. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $5.45.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $4.29 on Monday. The stock has a 50 day moving average price of $5.80 and a 200-day moving average price of $6.53. JetBlue Airways has a one year low of $3.47 and a one year high of $8.31. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the previous year, the business earned ($0.19) EPS. Equities analysts expect that JetBlue Airways will post -0.69 EPS for the current year.

Insider Transactions at JetBlue Airways

In related news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Institutional Trading of JetBlue Airways

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways in the 4th quarter valued at about $40,000. Bogart Wealth LLC increased its stake in JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares during the period. R Squared Ltd acquired a new stake in shares of JetBlue Airways during the fourth quarter worth about $58,000. Finally, GAMMA Investing LLC boosted its stake in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 3,857 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

About JetBlue Airways

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.