JetBlue Airways Price Target Cut to $14.00 (JBLU)
Investment analysts at CRT Capital dropped their price objective on shares of JetBlue Airways (NASDAQ:JBLU) from $14.50 to $14.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective would indicate a potential upside of 9.98% from the stock’s previous close.
JetBlue Airways (NASDAQ:JBLU) opened at 12.73 on Thursday. JetBlue Airways has a 52-week low of $6.04 and a 52-week high of $12.82. The stock has a 50-day moving average of $11.15 and a 200-day moving average of $9.5. The company has a market cap of $3.715 billion and a P/E ratio of 12.15. JetBlue Airways also was the target of some unusual options trading activity on Monday. Traders purchased 9,133 call options on the stock. This represents an increase of 314% compared to the average daily volume of 2,204 call options.
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 $0.69 EPS for the current fiscal year.
JBLU has been the subject of a number of other recent research reports. Analysts at S&P Equity Research raised their price target on shares of JetBlue Airways from $0.39 to $0.51 in a research note on Wednesday. They now have an “average” rating on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.25.
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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