JetBlue Airways Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:JBLU)
Shares of JetBlue Airways (NASDAQ:JBLU) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the company, AnalystRatings.NET reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $12.25.
JetBlue Airways (NASDAQ:JBLU) opened at 12.44 on Wednesday. JetBlue Airways has a 1-year low of $6.04 and a 1-year high of $12.83. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $9.69. The company has a market cap of $3.631 billion and a price-to-earnings ratio of 11.87.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results 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.
In other JetBlue Airways news, CAO Donald Daniels sold 6,000 shares of JetBlue Airways stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $12.33, for a total value of $73,980.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at CRT Capital cut their price target on shares of JetBlue Airways from $14.50 to $14.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, 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, August 20th. They now have an “average” rating on the stock. They noted that the move was a valuation call. Finally, 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, August 20th. They now have a $15.00 price target on the stock, up previously from $10.00.
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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