JetBlue Airways Corporation (JBLU) Receives ‘Analyst’ Rating

JetBlue Airways Corporation (JBLU) : Zacks Investment Research ranks JetBlue Airways Corporation (JBLU) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.71, which indicates as a Buy.

JetBlue Airways Corporation (JBLU) : 7 investment research analysts covering JetBlue Airways Corporation (JBLU) have an average price target of $24.29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $19 for the short term. Analysts expect the variance to be within $4.15 of the average price.


Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on JetBlue Airways Corporation (NASDAQ:JBLU). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan lowers the price target from $24.5 per share to $21 per share. The rating by the firm was issued on July 27, 2016.

JetBlue Airways Corporation (NASDAQ:JBLU): After opening at $17.18, the stock dipped to an intraday low of $17.04 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.6 and the buying power remained strong till the end. The stock closed at $17.53 for the day, a gain of 2.04% for the day session. The total traded volume was 7,023,137. The stocks close on the previous trading day was $17.18.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, Caribbean and Latin America. The Company operates Airbus A321, Airbus A320 and EMBRAER 190 aircraft types. The Companys firm aircraft orders consists of approximately 33 Airbus A321 aircraft, 25 Airbus A320 new engine option (A320neo) aircraft, 45 Airbus A321 new engine option aircraft, 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet, which consists of approximately 13 Airbus A321 aircraft, 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, and 17 countries in the Caribbean and Latin America.

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