Jetblue Airways Corp (NASDAQ:JBLU): A Fundamentally Weighted Stock for Long-Term Investors

Jetblue Airways Corp (NASDAQ:JBLU) shares traded 2.58% higher at $3.97 on Wall Street last session.

In accordance with the data, 14 analysts cover Jetblue Airways Corp (NASDAQ:JBLU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.00, we find $4.25. Given the previous closing price of $3.87, this indicates a potential upside of 9.82 percent. JBLU stock price is now -13.38% away from the 50-day moving average and -41.18% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.

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It has been rated a hold by 9 analysts and a buy by 1. Brokers who have rated the stock have averaged $4.47 as their price target over the next twelve months.

With the price target maintained at $3, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for Jetblue Airways Corp (NASDAQ: JBLU).

In other news, Spencer Gerald Alfred, Principal Accounting Officer sold 11,879 shares of the company’s stock on Aug 18. The stock was sold for $75,432 at an average price of $6.35. Upon completion of the transaction, the Principal Accounting Officer now directly owns 0 shares in the company, valued at $0.0. Insiders disposed of 95,421 shares of company stock worth roughly $0.38 million over the past 1 year. A total of 0.44% of the company’s stock is owned by insiders.

Jetblue Airways Corp (NASDAQ: JBLU) opened at $3.8300 on Monday. During the past 12 months, Jetblue Airways Corp has had a low of $3.42 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.37, a current ratio of 0.53, and a quick ratio of 0.50. The fifty day moving average price for JBLU is $4.5834 and a two-hundred day moving average price translates $6.7498 for the stock.

The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at -$0.39, missing analysts’ expectations of -$0.25 by -0.14. This compares to $0.18 EPS in the same period last year. The net profit margin was -1.89% and return on equity was -5.28% for JBLU. The company reported revenue of $2.35 billion for the quarter, compared to $2.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.16 percent. For the current quarter, analysts expect JBLU to generate $2.24B in revenue.

Jetblue Airways Corp(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.

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