Brokerage Firm Rating Update on JetBlue Airways Corporation (JBLU)

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) : Currently there are 7 street experts covering JetBlue Airways Corporation (JBLU) stock. The most bullish and bearish price target for the stock is $30 and $19 respectively for the short term. The average price target of all the analysts comes to $24.29. The estimated standard deviation from the target is $4.15.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm JP Morgan maintains its rating on JetBlue Airways Corporation (NASDAQ:JBLU). As per the latest information, the brokerage house lowers the price target to $21 per share from a prior target of $24.5. The shares have been rated Neutral. The rating by the firm was issued on July 27, 2016.

JetBlue Airways Corporation (NASDAQ:JBLU): The stock opened at $16.47 and touched an intraday high of $16.9801 on Wednesday. During the day, the stock corrected to an intraday low of $16.45, however, the bulls stepped in and pushed the price higher to close in the green at $16.73 with a gain of 2.83% for the day. The total traded volume for the day was 8,842,835. The stock had closed at $16.27 in the previous trading session.

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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