JetBlue Airways Corp. Receives “Hold” Rating from Barclays (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU)‘s stock had its “hold” rating reiterated by stock analysts at Barclays in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a $7.00 price objective on the stock. Barclays’ target price points to a potential downside of 3.25% from the stock’s previous close.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 7.235 on Wednesday. JetBlue Airways Corp. has a 1-year low of $4.76 and a 1-year high of $7.28. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.50. The company has a market cap of $2.043 billion and a P/E ratio of 23.72.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings data on Tuesday, October 29th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 10.2% 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.
A number of other analysts have also recently weighed in on JBLU. Analysts at Cowen and Company raised their price target on shares of JetBlue Airways Corp. from $6.50 to $7.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Wolfe Research downgraded shares of JetBlue Airways Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday. Finally, 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. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. JetBlue Airways Corp. has an average rating of “Hold” and an average target price of $6.64.
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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