JetBlue Airways Corp. Sets New 1-Year High at $7.29 (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) set a new 52-week high during trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $7.29 and last traded at $7.24, with a volume of 4,360,473 shares. The stock had previously closed at $7.04.
JBLU has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of JetBlue Airways Corp. from $7.50 to $7.00 in a research note to investors on Tuesday, September 10th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JetBlue Airways Corp. in a research note to investors on Friday, August 23rd. They now have a $6.75 price target on the stock. Finally, analysts at Raymond James upgraded shares of JetBlue Airways Corp. from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. JetBlue Airways Corp. has an average rating of “Hold” and a consensus price target of $6.75.
JetBlue Airways Corp. has a 52-week low of $4.80 and a 52-week high of $7.28. The stock has a 50-day moving average of $6.58 and a 200-day moving average of $6.5. The company has a market cap of $2.057 billion and a P/E ratio of 23.08.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings data on Tuesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.04. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that JetBlue Airways Corp. will post $0.48 earnings per share for the current fiscal year.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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