Analysts, on average, seem bullish as they suggest JBLU is worth $3.3 more, giving a target price of $23.64 a share.
JetBlue Airways Corporation (NASDAQ:JBLU) that has shown a discernible change in trend levels over the path of recent market activity.
According to the the latest analyst ratings which have been released, 3 brokers have issued a rating of "buy", 4 brokers "outperform", 8 brokers "hold", 0 brokers "underperform" and 1 brokers "sell". The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion.
While looking at the Stock's Performance, JetBlue Airways Corporation now shows a Weekly Performance of 3.85%, where Monthly Performance is 4.44%, Quarterly performance is -12.98%, 6 Months performance is -2.65% and yearly performance percentage is 13.45%.
JetBlue Airways Corporation (NASDAQ:JBLU) fell by -0.55% in Wednesday's trading session from $20.18 to $20.07 and has now fallen 4 consecutive sessions. If you are viewing this article on another domain, it was stolen and reposted in violation of US and worldwide trademark and copyright laws. The 20-day RSI for JBLU is 54.79%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure. Microchip Technology had 48 analyst reports since August 5, 2015 according to SRatingsIntel.
Bank of Nova Scotia acquired a new stake in JetBlue Airways Co. Zacks Investment Research cut shares of JetBlue Airways from a "hold" rating to a "sell" rating in a research note on Tuesday, September 26th. Morgan Stanley initiated the shares of SSW in report on Wednesday, February 1 with "Underweight" rating.
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Analysts have given a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock has a consensus rating of "Hold" and a consensus target price of $25.25. If the stock price is unchanged its weighted alpha will be smaller.
Shifting gears, we can see that JetBlue Airways Corporation (NasdaqGS:JBLU) has a Q.i. JetBlue Airways Corp. has a 12-month low of $14.76 and a 12-month high of $27.00. Finally, Cowen and Company increased their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a "market perform" rating in a report on Tuesday, July 25th. The stock closing price is now trading upward to its 50 day moving average with change of 1.49%, escalated to its 20 day moving average with figure of 3.48% and behind its 200 day moving average with value -4.60%. Its pivot point high generated sell signal on Wednesday October 11, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.
For short-term or active investment approach moving average with a short time frame will react much quicker to price changes interpretation. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The stock has been active on the tape, now trading at $20.34, up from yesterday's close by 1.35%. The shares were sold at an average price of $17.42, for a total transaction of $34,840.00. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The disclosure for this sale can be found here. The price has fallen in 6 of the last 10 days, but is still up by 3.83% during the last two weeks.
A number of other large investors have also added to or reduced their stakes in JBLU. The VC1 of JetBlue Airways Corporation (NasdaqGS:JBLU) is 10.
The TTM operating margin for the company stands at 16.9%. Capital Management Associates NY bought a new position in shares of JetBlue Airways during the second quarter worth approximately $203,000. The stock traded within a range of $19.65 and $20.45. Dimensional Fund Advisors LP raised its holdings in JetBlue Airways Corporation by 2.1% in the second quarter. Following the completion of the transaction, the director now directly owns 599,773 shares of the company's stock, valued at $9,482,411.13. Over the last three months, insiders have sold 31,860 shares of company stock valued at $646,973. The firm owned 45,900 shares of the company's stock at the end of the third quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. For JBLU, the company now has $550 Million of cash on the books, which is offset by $228 Million current liabilities. The Firm provides air transportation services across the United States, the Caribbean and Latin America.