JetBlue Airways Corp. Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:JBLU)
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) have earned an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, Analyst RN reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.89.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 8.37 on Friday. JetBlue Airways Corp. has a 52 week low of $5.95 and a 52 week high of $9.45. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $8.43. The company has a market cap of $2.474 billion and a price-to-earnings ratio of 16.25.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.05 earnings per share. JetBlue Airways Corp.’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that JetBlue Airways Corp. will post $0.71 EPS for the current fiscal year.
A number of research firms have recently commented on JBLU. Analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Separately, analysts at Goldman Sachs upgraded shares of JetBlue Airways Corp. from a “sell” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $10.50 price target on the stock, up previously from $8.20. Finally, analysts at Zacks reiterated an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Thursday, March 13th. They now have a $10.00 price target on the stock.
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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