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

JetBlue Airways Corporation [NASDAQ: JBLU] closed the trading session at $8.40 on 03/06/23. The day’s price range saw the stock hit a low of $8.3101, while the highest price level was $8.67. The company report on March 6, 2023 that JetBlue Releases Analysis Further Demonstrating Procompetitive Benefits of Combination with Spirit.

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Data Shows JetBlue Is Over Three Times More Effective at Lowering Legacy Fares Than Spirit; JetBlue and Spirit Have Little Overlap; Combination Will Increase Competition; ULCCs Will Continue to Grow, Including through Acquiring Divested Assets.

JetBlue (NASDAQ: JBLU) today released updated data, which further supports the disruptive role of the airline on the dominant, higher-price legacy carriers, and the pro-competitive impact the merger with Spirit will have on the industry.

The stocks have a year to date performance of 29.63 percent and weekly performance of 1.57 percent. The stock has been moved at 9.09 percent over the last six months. The stock has performed -8.89 percent around the most recent 30 days and changed 5.53 percent over the most recent 3-months.

If compared to the average trading volume of 9.08M shares, JBLU reached to a volume of 11503709 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $8.85 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 3.10. 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.

Cowen have made an estimate for JetBlue Airways Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 15, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on December 05, 2022, representing the official price target for JetBlue Airways Corporation stock. Previously, the target price had yet another raise to $10, while BofA Securities analysts kept a Neutral rating on JBLU stock.

The Average True Range (ATR) for JetBlue Airways Corporation is set at 0.29, with the Price to Sales ratio for JBLU stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 4.25. Price to Free Cash Flow for JBLU in the course of the last twelve months was 12.33 with Quick ratio for the last quarter at 0.50.

JBLU stock trade performance evaluation

JetBlue Airways Corporation [JBLU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.57. With this latest performance, JBLU shares dropped by -8.89% in over the last four-week period, additionally plugging by 9.09% over the last 6 months – not to mention a drop of -39.00% 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 52.79, with the RSI for the last a single of trading hit 52.74, and the three-weeks RSI is set at 53.42 for JetBlue Airways Corporation [JBLU]. The present Moving Average for the last 50 days of trading for this stock 7.97, while it was recorded at 8.32 for the last single week of trading, and 8.10 for the last 200 days.

JetBlue Airways Corporation [JBLU]: An insightful look at the core fundamentals

JetBlue Airways Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

JetBlue Airways Corporation [JBLU]: Insider Ownership positions

There are presently around $1,892 million, or 69.50% of JBLU stock, in the hands of institutional investors. The top three institutional holders of JBLU stocks are: VANGUARD GROUP INC with ownership of 31,605,973, which is approximately 3.765% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 28,864,683 shares of the stock with an approximate value of $242.46 million in JBLU stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $119.8 million in JBLU stock with ownership of nearly 0.766% of the company’s market capitalization.

181 institutional holders increased their position in JetBlue Airways Corporation [NASDAQ:JBLU] by around 27,149,845 shares. Additionally, 167 investors decreased positions by around 19,214,395 shares, while 66 investors held positions by with 178,855,687 shares. The mentioned changes placed institutional holdings at 225,219,927 shares, according to the latest SEC report filing. JBLU stock had 65 new institutional investments in for a total of 4,476,908 shares, while 46 institutional investors sold positions of 5,395,315 shares during the same period.


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