Share on StockTwits

Equities researchers at S&P Equity Research raised their price target on shares of JetBlue Airways (NASDAQ:JBLU) from $0.39 to $0.51 in a research report issued on Wednesday. The firm currently has an “average” rating on the stock. S&P Equity Research’s price objective would suggest a potential downside of 95.86% from the company’s current price. The analysts noted that the move was a valuation call.

JetBlue Airways (NASDAQ:JBLU) traded up 3.45% on Wednesday, hitting $12.755. 7,893,953 shares of the company’s stock traded hands. JetBlue Airways has a 52-week low of $6.04 and a 52-week high of $12.42. The stock has a 50-day moving average of $11.10 and a 200-day moving average of $9.55. The company has a market cap of $3.723 billion and a price-to-earnings ratio of 11.77. JetBlue Airways also was the target of some unusual options trading on Monday. Investors purchased 9,133 call options on the company. This is an increase of approximately 314% compared to the average volume of 2,204 call options.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that JetBlue Airways will post $0.69 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company upgraded shares of JetBlue Airways from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $15.00 price target on the stock, up previously from $10.00. Separately, analysts at Imperial Capital raised their price target on shares of JetBlue Airways from $10.00 to $20.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Finally, analysts at Argus raised their price target on shares of JetBlue Airways from $10.00 to $14.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.30.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.