JetBlue Airways (NASDAQ:JBLU) Target Raised by Goldman Sachs Group Inc to $17.00

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JetBlue Airways stock has undergone multiple analysts rating changes in the recent past.  JetBlue Airways stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $17.00. The analysts previously had $12.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 65.05% from the stock’s previous close.

Shares of JetBlue Airways traded up $0.43 on Monday, reaching $10.73. 5013772 shares of the stock traded hands, compared to its average volume of 21387026. Shares of were trading at $10.73 on Monday. The firm’s 50 day moving average is $$10.11 and its 200 day moving average is $15.15.JetBlue Airways  has a 12 month low of $10.17 and a 12 month high of $21.65. While on yearly highs and lows, JetBlue Airways today has traded high as $10.81 and has touched $10.17 on the downward trend.

JetBlue Airways Earnings and What to expect: 

JetBlue Airways last announced its quarterly earnings data on May 7th, 2020. The transportation company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.01. The business earned $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. Its revenue was down 15.1% on a year-over-year basis. JetBlue Airways has generated $1.90 earnings per share over the last year and currently has a price-to-earnings ratio of 12.7. JetBlue Airways has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, July 28th, 2020 based off prior year’s report dates.

Earnings for JetBlue Airways are expected to grow in the coming year, from ($3.79) to $0.91 per share. The P/E ratio of JetBlue Airways is 12.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.99. The P/E ratio of JetBlue Airways is 12.72, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.78. JetBlue Airways has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.93%
  • On 5/29/2020 General Counsel Brandon Nelson Sell 3,000 at average share price of $9.81 which equates to $29,430.00 in money value.
  • On 5/27/2020 General Counsel Brandon Nelson Sell 1,000 at average price of  $10.73 with total value of : Not Data Available
  • On 4/23/2020 Director Teri P. Mcclure Buy 500 at average price of  $8.37 with total value of : $4,185.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for JetBlue Airways

  • 6/17/2020 – JetBlue Airways is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $18.00 price target on the stock.
  • 6/10/2020 – JetBlue Airways was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $11.00 price target on the stock.
  • 6/8/2020 – JetBlue Airways was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “neutral” rating.
  • 6/5/2020 – JetBlue Airways was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – SkyWest had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $53.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Spirit Airlines had its price target raised by analysts at Goldman Sachs Group Inc from $15.00 to $20.00. They now have a “conviction-buy” rating on the stock.
  • 6/29/2020 – United Continental had its price target raised by analysts at Goldman Sachs Group Inc from $40.00 to $61.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

JetBlue Airways (NASDAQ:JBLU) Moving Average Technical Analysis

5 day Moving Average is $$10.59 And 5 day price change is -$0.82 (-7.31%)  with average volume for 5 day average is 13,201,586. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.89 and 20 day price change is $0.19 (1.86%) and average 20 day moving volume is 22,579,367. 50 day moving average is $10.11  and 50 day price change is $1.41 ( 15.70%)  and with average volume for 50 days is : 19,039,686. 200 day moving average is $15.15  and 200 day price change is -$6.77 (-39.45%)  and with average volume for 200 days is : 10,380,699.

See More Analyst Rating at: RATING