Wall Street Analyst Downgrade JetBlue Airways Corporation [JBLU]. What else is Wall St. saying


JetBlue Airways Corporation [NASDAQ: JBLU] stock went on an upward path that rose over 2.40% on Friday, amounting to a one-week price decrease of less than -1.34%. The company report on July 15, 2022 that ISS, Leading Proxy Advisor, Formally Recommends Spirit Shareholders Vote Against Frontier Transaction.

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JetBlue (NASDAQ: JBLU) issued the following statement regarding the revised recommendation issued by Institutional Shareholder Services (“ISS”), a leading proxy advisory firm:.

We are pleased that ISS chose to formally update its recommendation to Spirit shareholders to vote AGAINST the Frontier transaction. ISS concluded:.

Over the last 12 months, JBLU stock dropped by -48.01%. The one-year JetBlue Airways Corporation stock forecast points to a potential upside of 34.57. The average equity rating for JBLU stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.54 billion, with 320.50 million shares outstanding and 318.74 million shares in the current float. Compared to the average trading volume of 10.77M shares, JBLU stock reached a trading volume of 12503212 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $12.38 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 3.00. 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.

Susquehanna have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 12, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $24 to $12. The new note on the price target was released on April 27, 2022, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another drop from $21 to $16, while Deutsche Bank kept a Hold rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.42, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 8.89. Price to Free Cash Flow for JBLU in the course of the last twelve months was 1.60 with Quick ratio for the last quarter at 0.80.

JBLU Stock Performance Analysis:

JetBlue Airways Corporation [JBLU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.34. With this latest performance, JBLU shares dropped by -4.59% in over the last four-week period, additionally sinking by -44.79% over the last 6 months – not to mention a drop of -48.01% 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 39.65, with the RSI for the last a single of trading hit 40.71, and the three-weeks RSI is set at 39.29 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 9.40, while it was recorded at 8.09 for the last single week of trading, and 13.07 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 -15.12 and a Gross Margin at -12.09. JetBlue Airways Corporation’s Net Margin is presently recorded at -3.01.

Return on Equity for this stock declined to -4.67, with Return on Assets sitting at -1.25.

JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

JetBlue Airways Corporation [JBLU] Insider Position Details

There are presently around $2,007 million, or 80.00% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: FMR LLC with ownership of 38,575,521, which is approximately 26.576% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 29,275,634 shares of the stock with an approximate value of $237.13 million in JBLU stocks shares; and BLACKROCK INC., currently with $208.87 million in JBLU stock with ownership of nearly -0.079% of the company’s market capitalization.

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 195 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 24,867,511 shares. Additionally, 189 investors decreased positions by around 24,279,048 shares, while 66 investors held positions by with 198,615,277 shares. The mentioned changes placed institutional holdings at 247,761,836 shares, according to the latest SEC report filing. JBLU stock had 63 new institutional investments in for a total of 3,670,728 shares, while 54 institutional investors sold positions of 7,603,548 shares during the same period.