JetBlue Airways Given New $13.50 Price Target at JPMorgan Chase & Co. (JBLU)
JPMorgan Chase & Co. upped their target price on shares of JetBlue Airways (NASDAQ:JBLU) from $10.00 to $13.50 in a research note issued on Thursday. JPMorgan Chase & Co.’s price target would suggest a potential upside of 24.88% from the stock’s previous close.
A number of other firms have also recently commented on JBLU. Analysts at CRT Capital raised their price target on shares of JetBlue Airways from $13.50 to $14.50 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of JetBlue Airways from $12.00 to $13.00 in a research note on Monday, July 28th. They now have an “equal weight” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.75.
JetBlue Airways (NASDAQ:JBLU) traded up 0.84% on Thursday, hitting $10.81. 8,724,814 shares of the company’s stock traded hands. JetBlue Airways has a one year low of $6.04 and a one year high of $11.59. The stock’s 50-day moving average is $10.75 and its 200-day moving average is $9.32. The company has a market cap of $3.208 billion and a P/E ratio of 10.26.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, July 24th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that JetBlue Airways will post $0.68 EPS 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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