JetBlue Airways (NASDAQ:JBLU) Upgraded to Positive by Susquehanna

JetBlue Airways (NASDAQ:JBLU) was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a $26.00 price target on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 34.78% from the company’s current price.

JBLU has been the topic of a number of other research reports. Bank of America upgraded JetBlue Airways from a “neutral” rating to a “buy” rating in a research report on Friday, January 8th. Morgan Stanley increased their price target on JetBlue Airways from $18.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Stifel Nicolaus raised their target price on JetBlue Airways from $17.00 to $20.00 in a research report on Tuesday, March 16th. Vertical Research downgraded JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Friday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, March 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.80.

Shares of JBLU opened at $19.29 on Monday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of -6.37 and a beta of 1.57. The stock’s 50-day moving average price is $20.18 and its 200-day moving average price is $15.98. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 1.19. JetBlue Airways has a 52 week low of $7.34 and a 52 week high of $21.96.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Wednesday, January 27th. The transportation company reported ($1.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.69) by $0.16. The company had revenue of $661.00 million for the quarter, compared to the consensus estimate of $635.33 million. JetBlue Airways had a negative return on equity of 23.07% and a negative net margin of 18.95%. JetBlue Airways’s revenue for the quarter was down 67.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that JetBlue Airways will post -5.88 EPS for the current fiscal year.

In other JetBlue Airways news, insider Scott M. Laurence sold 3,402 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $18.31, for a total transaction of $62,290.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,400 shares of the firm’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $18.63, for a total value of $100,602.00. Following the sale, the chief financial officer now directly owns 54,939 shares of the company’s stock, valued at approximately $1,023,513.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,043 shares of company stock valued at $284,446. Insiders own 0.93% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. U S Global Investors Inc. increased its stake in JetBlue Airways by 38.3% during the fourth quarter. U S Global Investors Inc. now owns 7,845,845 shares of the transportation company’s stock worth $114,079,000 after acquiring an additional 2,173,900 shares during the last quarter. State of Alaska Department of Revenue increased its stake in JetBlue Airways by 9.9% during the fourth quarter. State of Alaska Department of Revenue now owns 51,095 shares of the transportation company’s stock worth $742,000 after acquiring an additional 4,615 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in JetBlue Airways during the fourth quarter worth $2,245,000. Russell Investments Group Ltd. increased its stake in JetBlue Airways by 263.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,644,018 shares of the transportation company’s stock worth $52,983,000 after acquiring an additional 2,640,314 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of JetBlue Airways by 15.2% in the fourth quarter. Retirement Systems of Alabama now owns 409,884 shares of the transportation company’s stock valued at $5,960,000 after buying an additional 54,219 shares in the last quarter. 66.67% of the stock is owned by institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, 1 Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 98 destinations in the 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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