Analyst Rating Update on JetBlue Airways Corporation (JBLU)

JetBlue Airways Corporation (JBLU) : The consensus on JetBlue Airways Corporation (JBLU) based on 9 analyst recommendation on the company stock is 1.78, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

JetBlue Airways Corporation (JBLU) : The most positive equity analysts on JetBlue Airways Corporation (JBLU) expects the shares to touch $30, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $24.22 with an expected fluctuation of $3.67 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the JP Morgan maintains the rating on JetBlue Airways Corporation (NASDAQ:JBLU). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency 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): The stock opened at $16.95 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.13 for the day. The stock traded down to $16.77 during the day, due to lack of any buying support eventually closed down at $16.90 with a loss of -0.65% for the day. The stock had closed at $17.01 on the previous day. The total traded volume was 6,492,649 shares.

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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