Zacks reaffirmed their neutral rating on shares of Jetblue Airways Corp (NASDAQ: JBLU) in a research note released on Friday morning. They currently have a $6.25 price target on the stock.
Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on JetBlue Airways. The company is characterized by a favorable business model, cost-saving steps, expansion initiatives and beneficial partnerships. Growing travel demand, network and fleet restructuring, premium on-board services along with attractive entertainment options and foray into new locations are expected to boost the company’s performance, leading to revenue and earnings growth in the coming months. Nevertheless, we prefer to stay on the sidelines, considering JetBlue’s weaker-than-expected fourth quarter results, unstable economic conditions across the globe, competitive threats and regulatory issues. “
Shares of Jetblue Airways Corp traded up 0.71% during mid-day trading on Friday, hitting $6.385. Jetblue Airways Corp has a 52 week low of $4.06 and a 52 week high of $6.42. The stock’s 50-day moving average is currently $6.02. The company has a market cap of $1.793 billion and a P/E ratio of 15.93.
A number of other analysts have also recently weighed in on JBLU. Analysts at Raymond James downgraded shares of Jetblue Airways Corp from a market perform rating to an underperform rating in a research note to investors on Wednesday, January 30th. Separately, analysts at Avondale Partners downgraded shares of Jetblue Airways Corp from an outperform rating to a market perform rating in a research note to investors on Friday, January 18th. Finally, analysts at Barclays Capital raised their price target on shares of Jetblue Airways Corp from $5.50 to $6.50 in a research note to investors on Thursday, January 17th. They now have an equal weight rating on the stock.
Six research analysts have rated the stock with a buy rating, nine have assigned a hold rating, and three have given a sell rating to the stock. The company has a consensus rating of hold and a consensus target price of $6.97.
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