JetBlue Airways Sets New 12-Month High on Analyst Upgrade (JBLU)
Shares of JetBlue Airways (NASDAQ:JBLU) reached a new 52-week high on Thursday after S&P Equity Research raised their price target on the stock from $0.39 to $0.51, Analyst RN reports. S&P Equity Research currently has an average rating on the stock. JetBlue Airways traded as high as $12.83 and last traded at $12.53, with a volume of 4,903,153 shares traded. The stock had previously closed at $12.73.
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 assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.25.
The stock’s 50-day moving average is $11.15 and its 200-day moving average is $9.5. The company has a market cap of $3.651 billion and a price-to-earnings ratio of 12.15. JetBlue Airways also was the recipient of some unusual options trading activity on Monday. Investors purchased 9,133 call options on the company. This is an increase of approximately 314% compared to the average daily volume of 2,204 call options.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data 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.
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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