JetBlue Airways Given New $13.00 Price Target at Barclays (JBLU)
Research analysts at Barclays increased their price objective on shares of JetBlue Airways (NASDAQ:JBLU) from $12.00 to $13.00 in a report released on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential upside of 13.94% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of JetBlue Airways from $10.00 to $9.00 in a research note on Monday, July 14th. Separately, analysts at Cowen and Company raised their price target on shares of JetBlue Airways from $8.00 to $10.00 in a research note on Tuesday, July 8th. They now have a “market perform” rating on the stock. Finally, analysts at Wolfe Research upgraded shares of JetBlue Airways from an “underperform” rating to an “outperform” rating in a research note on Friday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $10.75.
Shares of JetBlue Airways (NASDAQ:JBLU) traded down 2.28% on Monday, hitting $11.15. The stock had a trading volume of 2,570,310 shares. JetBlue Airways has a 52-week low of $6.04 and a 52-week high of $11.59. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $9.25. The company has a market cap of $3.309 billion and a price-to-earnings ratio of 10.92.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.11 earnings per share. JetBlue Airways’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that JetBlue Airways will post $0.68 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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