Price Target Update on JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) : Average target price received by JetBlue Airways Corporation (NASDAQ:JBLU) is $25.5 with an expected standard deviation of $3.42. The most aggressive target on the stock is $31, whereas the most downbeat target is $21. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Cowen & Company upgrades their rating on the shares of JetBlue Airways Corporation (NASDAQ:JBLU). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm maintains the price target to $24 per share. The rating by the firm was issued on April 27, 2016.

JetBlue Airways Corporation (NASDAQ:JBLU): stock turned positive on Thursday. Though the stock opened at $16.33, the bulls momentum made the stock top out at $16.37 level for the day. The stock recorded a low of $15.94 and closed the trading day at $16.29, in the green by 0.56%. The total traded volume for the day was 6,855,224. The stock had closed at $16.2 in the previous days trading.

The company shares have dropped -23.48% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $27.36 and the one year low was seen on Jun 22, 2016. The 50-Day Moving Average price is $17.94 and the 200 Day Moving Average price is recorded at $20.47. On the companys insider trading activities, The officer (EVP & General Counsel), of Jetblue Airways Corp, Hnat James G had unloaded 1,000 shares at $16.87 per share in a transaction on June 15, 2016. The total value of transaction was $16,870. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.