Analysts and Technical Update on JetBlue Airways Corp (NASDAQ:JBLU)

JetBlue Airways Corp (NASDAQ:JBLU) (Trend Analysis) shares were traded with thin volume. The stock closed last trading session at $17.85, up by 4.94%, with a volume of 5,405,816 shares against an average amount for the last three months of 5,827,370.

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JetBlue Airways Corp (NASDAQ:JBLU) stock is currently trading 33.89% below its 52-week-high, 20.93% above its 52-week-low. The 1-year stock price history is in the range of $14.76 – $27. JetBlue Airways Corp (JBLU) has a price to earnings ratio of 7.92 versus Services sector average of 20.03. JBLU stock price has underperformed the Nasdaq by 23.6%. The Airlines company is currently valued at $5.78 billion, and its share price closed the last trading session at $17.85. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $17.63.

JetBlue Airways Corp (JBLU) current short interest stands at 14.19 million shares. It has remained stable from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.63 million shares, the number of days required to cover the short positions stand at 2.6 days.

JBLU is forecasted to report earnings per share of $0.44 and a revenue of $1.62 billion for the 4th Quarter of the fiscal year 2016. JetBlue Airways Corp (JBLU) declared last quarter earnings on October 25. The Airlines company announced last quarter earnings per share of $0.58 against a consensus Street estimate of $0.60, missing estimate by $0.02. The company posted a revenue of $1.73 billion compared to an estimation of $1.72 billion.

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There are currently fifteen analysts that cover JetBlue Airways Corp stock. Of those fifteen, ten have a Buy rating, five have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $22.25.

A recent analyst activity consisted of Imperial Capital who initiated their coverage on the stock with Outperform rating on September 16. Imperial Capital fixed their price target at $21. This corresponds to a 17.65% upside from the last closing price. On the date of report, the stock closed at $17.15.

Cowen & Company upgraded their Market Perform rating to Outperform on April 27. On the date of report, the stock closed at $20.6.

Another research firm was Credit Suisse who reiterated their Neutral stance on April 26. Credit Suisse decreased price target from $21 to $19. This translates to a 6.44% upside from the last closing price. On the date of report, the stock closed at $20.33.

Company snapshot

JetBlue Airways Corporation provides nonstop passenger flight service through its Airbus A320 aircraft. The Company’s airline is based in New York’s John F. Kennedy Airport and currently flies to various destinations in the United States.

Analysts and Technical Update on JetBlue Airways Corp (NASDAQ:JBLU) was last modified: November 8th, 2016 by Steven Finley