UBS AG Raises Jetblue Airways Corp to Buy (JBLU)
Jetblue Airways Corp (NASDAQ: JBLU) was upgraded by equities researchers at UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $8.00 target price on the stock, up from their previous target price of $6.00.
Jetblue Airways Corp traded down 1.53% on Thursday, hitting $5.15. Jetblue Airways Corp has a 1-year low of $3.40 and a 1-year high of $6.38. The company has a market cap of $1.459 billion and a price-to-earnings ratio of 14.90.
Jetblue Airways Corp last released its earnings data on Thursday, April 26th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that Jetblue Airways Corp will post $0.19 earnings per share next quarter.
A number of other analysts have also recently weighed in on JBLU. Analysts at Sterne Agee downgraded shares of Jetblue Airways Corp from a “buy” rating to a “neutral” rating in a research note to investors on Monday, May 14th. They now have a $10.00 price target on the stock, up previously from $8.00. Separately, analysts at Wolfe Trahan upgraded shares of Jetblue Airways Corp from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, April 30th. Finally, analysts at Dahlman Rose upgraded shares of Jetblue Airways Corp from a “sell” rating to a “hold” rating in a research note to investors on Friday, April 27th.
JetBlue Airways Corporation (JetBlue) is a passenger airline that operates primarily on point-to-point routes with its fleet of 110 Airbus A320 aircraft and 41 EMBRAER 190 aircraft.