JetBlue Airways Corporation [JBLU] stock Initiated by MKM Partners analyst, price target now $21

JetBlue Airways Corporation [NASDAQ: JBLU] price surged by 2.45 percent to reach at $0.36. The company report on September 8, 2021 that JetBlue Named No. 1 Domestic Airline in the Travel + Leisure World’s Best Awards 2021.

JetBlue ranks number one for third consecutive year.

JetBlue (NASDAQ: JBLU) proudly announced it has been named the No. 1 domestic airline in the Travel + Leisure World’s Best Awards 2021 readers’ survey. Each year, the readers of Travel + Leisure vote on their favorite airlines, hotels, destinations and more, with airlines being rated on the following characteristics: in-cabin comfort, in-flight service, customer service and value. Travel + Leisure World’s Best Awards 2021 is an essential, trusted source for inspiration and guidance as travelers once again make plans to set out on trips around the globe.

A sum of 6268555 shares traded at recent session while its average daily volume was at 7.42M shares. JetBlue Airways Corporation shares reached a high of $15.12 and dropped to a low of $14.475 until finishing in the latest session at $15.04.

The one-year JBLU stock forecast points to a potential upside of 25.29. The average equity rating for JBLU stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on JetBlue Airways Corporation [JBLU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JBLU shares is $20.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JBLU stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 10, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $15 to $25. The new note on the price target was released on April 14, 2021, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $26, while Susquehanna analysts kept a Positive rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.55, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 11.24. Price to Free Cash Flow for JBLU in the course of the last twelve months was 6.95 with Quick ratio for the last quarter at 1.00.

JBLU Stock Performance Analysis:

JetBlue Airways Corporation [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.67. With this latest performance, JBLU shares dropped by -3.59% in over the last four-week period, additionally sinking by -30.50% over the last 6 months – not to mention a rise of 21.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JBLU stock in for the last two-week period is set at 48.98, with the RSI for the last a single of trading hit 50.41, and the three-weeks RSI is set at 47.43 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 15.29, while it was recorded at 14.95 for the last single week of trading, and 17.16 for the last 200 days.

Insight into JetBlue Airways Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and JetBlue Airways Corporation [JBLU] shares currently have an operating margin of -67.30 and a Gross Margin at -63.58. JetBlue Airways Corporation’s Net Margin is presently recorded at -45.79.

Return on Total Capital for JBLU is now -22.58, given the latest momentum, and Return on Invested Capital for the company is -16.32. Return on Equity for this stock declined to -30.95, with Return on Assets sitting at -10.36. When it comes to the capital structure of this company, JetBlue Airways Corporation [JBLU] has a Total Debt to Total Equity ratio set at 144.98. Additionally, JBLU Total Debt to Total Capital is recorded at 59.18, with Total Debt to Total Assets ending up at 40.28. Long-Term Debt to Equity for the company is recorded at 130.73, with the Long-Term Debt to Total Capital now at 53.36.

Receivables Turnover for the company is 17.98 with a Total Asset Turnover recorded at a value of 0.23.JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

JetBlue Airways Corporation [JBLU] Insider Position Details

There are presently around $3,636 million, or 78.10% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 34,106,218, which is approximately -19.161% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,815,278 shares of the stock with an approximate value of $433.38 million in JBLU stocks shares; and BLACKROCK INC., currently with $398.11 million in JBLU stock with ownership of nearly -1.963% of the company’s market capitalization.

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Positions in JetBlue Airways Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 179 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 26,323,738 shares. Additionally, 175 investors decreased positions by around 39,715,139 shares, while 68 investors held positions by with 175,737,250 shares. The mentioned changes placed institutional holdings at 241,776,127 shares, according to the latest SEC report filing. JBLU stock had 58 new institutional investments in for a total of 7,385,590 shares, while 46 institutional investors sold positions of 7,572,711 shares during the same period.

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