JetBlue Airways Given Average Rating of “Hold” by Brokerages (NASDAQ:JBLU)
JetBlue Airways (NASDAQ:JBLU) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.25.
Shares of JetBlue Airways (NASDAQ:JBLU) opened at 12.23 on Wednesday. JetBlue Airways has a 1-year low of $6.04 and a 1-year high of $12.83. The stock’s 50-day moving average is $11.48 and its 200-day moving average is $9.76. The company has a market cap of $3.569 billion and a P/E ratio of 11.84.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data 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. Analysts expect that JetBlue Airways will post $0.68 EPS for the current fiscal year.
A number of research firms have recently commented on JBLU. 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.
In other JetBlue Airways news, CAO Donald Daniels unloaded 6,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $12.33, for a total transaction of $73,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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