Stock To Watch: JetBlue Airways Corporation (NASDAQ:JBLU)


The leading market experts have placed a mean price target of $22.73 on JetBlue Airways Corporation (NASDAQ:JBLU) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.47 a share for the upcoming quarter and $2.17 for the current fiscal.

Technical View

The technical analysis of JetBlue Airways Corporation plainly substantiates that the 50-day moving average of JetBlue Airways Corporation is $17.32, and stock is trading $-0.43 points away or -2.51% from its 50-day moving average of $17.32. Further it is trading $-2.29 or -11.93% away its 200-day moving average of $19.18. JetBlue Airways Corporation (NASDAQ:JBLU) 52-week high is $27.36 and the 52-week low is $14.76.

This explains if the stock moves $-10.47, it will post a 52-week high. In event of +14.43% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of JetBlue Airways Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, JetBlue Airways Corporation (NASDAQ:JBLU) ratio came in at 7.50.

The stock last ended the trading session at $16.89 and registered a market cap of $5.47B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. JetBlue Airways Corporation (NASDAQ:JBLU) PEG ratio is at 2.31.

1 Chart Pattern Every Investor Should Know

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