The price of JetBlue Airways Corporation (NASDAQ:JBLU) shares last traded on Wall Street rose 1.70% to $9.01.
Based on available information, 14 analysts follow JetBlue Airways Corporation (NASDAQ:JBLU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $6.00, we find $8.25. Given the previous closing price of $8.86, this indicates a potential downside of -6.88 percent. JBLU stock price is now 22.81% away from the 50-day moving average and 20.50% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
Among analysts, 11 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $8.43 as their price target over the next twelve months.
With the price target reduced from $10 to $9, Cowen Downgraded its rating from Outperform to Market Perform for JetBlue Airways Corporation (NASDAQ: JBLU).
Insiders disposed of 79,576 shares of company stock worth roughly $0.72 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JBLU stock. A new stake in JetBlue Airways Corporation shares was purchased by LMR PARTNERS LLP during the first quarter worth $1,506,000. JEFFERIES FINANCIAL GROUP INC. invested $1,191,000 in shares of JBLU during the first quarter. In the first quarter, NEO IVY CAPITAL MANAGEMENT acquired a new stake in JetBlue Airways Corporation valued at approximately $1,002,000. AIGEN INVESTMENT MANAGEMENT, LP acquired a new stake in JBLU for approximately $979,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in JBLU valued at around $961,000 in the second quarter. In total, there are 457 active investors with 69.50% ownership of the company’s stock.
A candlestick chart of JetBlue Airways Corporation (NASDAQ: JBLU) showed a price of $8.88 on Monday morning. During the past 12 months, JetBlue Airways Corporation has had a low of $6.18 and a high of $9.35. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for JBLU is $7.38 and a two-hundred day moving average price translates $7.48 for the stock.
The latest earnings results from JetBlue Airways Corporation (NASDAQ: JBLU) was released for Mar, 2023. According to the Airlines Company, earnings per share came in at -$0.34, beating analysts’ expectations of -$0.38 by 0.04. This compares to -$0.80 EPS in the same period last year. The net profit margin was -3.10% and return on equity was -8.60% for JBLU. The company reported revenue of $2.33 billion for the quarter, compared to $1.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.1 percent. For the current quarter, analysts expect JBLU to generate $2.6B in revenue.
JetBlue Airways Corporation(JBLU) Company Profile
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.
