Stocks of JetBlue Airways Corporation (NASDAQ:JBLU) traded higher last session on Wall Street, down -0.63% to $6.31.
According to the data, JetBlue Airways Corporation (NASDAQ:JBLU) has 13 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $4.50, we find $7.50. Given the previous closing price of $6.35, this indicates a potential upside of 18.11 percent. JBLU stock price is now -19.22% away from the 50-day moving average and -16.60% away from the 200-day moving average. The market capitalization of the company currently stands at $2.14B.
A total of 8 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $7.14 as their price target over the next twelve months.
With the price target maintained at $8, Evercore ISI recently Downgraded its rating from In-line to Underperform for JetBlue Airways Corporation (NASDAQ: JBLU).
Insiders disposed of 87,435 shares of company stock worth roughly $0.55 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 ALLIANZ ASSET MANAGEMENT GMBH during the first quarter worth $3,442,000. JADE CAPITAL ADVISORS, LLC invested $2,209,000 in shares of JBLU during the first quarter. In the first quarter, ALASKA PERMANENT FUND CORP acquired a new stake in JetBlue Airways Corporation valued at approximately $1,969,000. POINT72 MIDDLE EAST FZE acquired a new stake in JBLU for approximately $1,836,000. PORTOLAN CAPITAL MANAGEMENT, LLC purchased a new stake in JBLU valued at around $1,824,000 in the second quarter. In total, there are 454 active investors with 69.50% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $6.36 for JetBlue Airways Corporation (NASDAQ: JBLU). During the past 12 months, JetBlue Airways Corporation has had a low of $6.18 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for JBLU is $7.81 and a two-hundred day moving average price translates $7.57 for the stock.
The latest earnings results from JetBlue Airways Corporation (NASDAQ: JBLU) was released for Jun, 2023. According to the Airlines Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.44 by 0.01. This compares to -$0.58 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.80% for JBLU. The company reported revenue of $2.61 billion for the quarter, compared to $2.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.75 percent. For the current quarter, analysts expect JBLU to generate $2.42B 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.
