The above-mentioned tailwinds are likely to continue aiding this Latin American carrier that currently sports a Zacks Rank #1. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10% upward over the past 60 days. Driven by the stronger-than-expected revival of air-travel demand, shares of JBLU have gained 9.1% year to date, outperforming its industry’s 5% appreciation. The other route will be operating from Worcester, MA to Orlando Sanford International Airport. Flights to Orlando, which stopped during the pandemic, will resume operation from Jun 15. This will imply that JBLU is the sole airline offering non-stop service between the two cities.
You can buy or sell JBLU and other ETFs, options, and stocks. Provide specific products and services to you, such as portfolio management or data aggregation. CompareJBLU’s historical performanceagainst its industry peers and the overall market. Some good funds are banking on a U.S. airline industry turnaround. Let’s examine the state of the airline industry and our predictions for its outlook. Its specialists are interested in stocks that have been undervalued by different reasons.
What Led To A 62% Fall In JetBlue Stock Since 2019?
It’s calculated by multiplying the current market price by the total number of shares outstanding. We forecast JetBlue Airways stock performance using neural networks based on historical data on JetBlue Airways stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment.
JetBlue Airways has a short interest ratio (“days to cover”) of 1.7, which is generally considered an acceptable ratio of short interest to trading volume. 4.66% of the outstanding shares of JetBlue Airways have been sold short. Spirit shares slipped as much as 8% while JetBlue jumped 2% as investors reacted to the latest drama surrounding the discount airline. Copa Holdings is benefiting from the improvement in air-travel demand. In fourth-quarter 2022, passenger revenues increased 29.5% due to higher yields.
U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession. Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -9.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.72% lower at present. Citigroup, on the other hand, stated in their research note that they expect to see JBLU reach a price target of $9.
The rise in revenues over the recent years can be attributed to a rebound in air travel demand, with passenger traffic and ticket yield rising meaningfully in the last few years. JetBlue’s available seat miles plunged from 63.8 million in 2019 to 32.7 million in 2020 before rebounding to 64.5 million in 2022. The company’s passenger revenue per average seat mile fell from 12.20 cents in 2019 to 8.36 cents in 2020 before rebounding to 13.32 cents in 2022. The demand for air travel is expected to remain high in the near near term, boding well for JetBlue in the near future. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
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Dividend Per Share is a financial indicator equal to the ratio of the company’s net profit available for distribution to the annual average of ordinary shares. For JetBlue Airways stocks, the 200-day moving average is the resistance level today. Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for JBLU comes in at 14.02% — higher than that of 87.48% of stocks in our set.
what’s the distinction between cdos’s operating margin stood at 9.5% in 2019, before the pandemic, and it fell to -63.2% in 2020 before recovering to -4.6% in 2022. Our JetBlue Airways Operating Income Comparison dashboard has more details. Looking at valuation, we find that JBLU stock has more room for growth. We estimate JetBlue Airways’ Valuation to be $8 per share, about 18% above the current market price, representing a 0.3x P/S multiple based on TTM revenues.
https://1investing.in/ Airways does not have a long track record of dividend growth. JetBlue Airways has received no research coverage in the past 90 days. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Looking at a slightly longer term, JBLU stock is down a significant 62% from levels seen in late 2019. All values as of most recently reported quarter unless otherwise noted. Given this backdrop, the decision to introduce new routes is extremely prudent.
- The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types.
- Airline stocks are flying today as oil prices continue to decline amid talks between Russia and Ukraine, as well as new revenue guidance.
- No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC.
- Use an ETF to short an overvalued and heavily uncertain industry.
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If you had invested in Jetblue Airways stock at $13.33, your return over the last 20 years would have been -46.97%, for an annualized return of -3.12% . Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. The U.S. Justice Department’s complaint aimed at stopping JetBlue Airways Corp from buying rival discount carrier Spirit Airlines Inc will force the companies to explain why very high market shares on… Boyd Group International President Michael Boyd joins Yahoo Finance Live to discuss U.S. airline infrastructure, airline investments, the 2023 Spring Break travel boom, and the outlook for the Federal…
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The chart below shows how a company’s share price and consensus price target have changed over time. The lighter blue line represents the stock’s consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
JetBlue’s takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit. By Liz Moyer Investing.com — Stocks are falling after Federal Reserve Chair Jerome Powell said the central bank might pick up the pace of interest rate hikes if the data supports it. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Growth is the dimension where JBLU ranks best; there it ranks ahead of 86.78% of US stocks.
The average trading volume of JBLU on April 10, 2023 was 8.49M shares. On the technical side, indicators suggest JBLU has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Sell. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY. TrefisJetBlue primarily earns its revenues from selling air tickets and other ancillary services such as freight and mail.
558 employees have rated JetBlue Airways Chief Executive Officer Robin Hayes on Glassdoor.com. Robin Hayes has an approval rating of 83% among the company’s employees. The P/E ratio of JetBlue Airways is -6.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. 66.29% of the stock of JetBlue Airways is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
A hold rating indicates that analysts believe investors should maintain any existing positions they have in JBLU, but not buy additional shares or sell existing shares. According to the issued ratings of 12 analysts in the last year, the consensus rating for JetBlue Airways stock is Hold based on the current 2 sell ratings, 9 hold ratings and 1 buy rating for JBLU. The average twelve-month price prediction for JetBlue Airways is $9.41 with a high price target of $13.00 and a low price target of $7.00.
Intraday data delayed at least 15 minutes or per exchange requirements. JetBlue Airways is a low-cost American airline owned by the JetBlue Airways Corporation. The company is headquartered in New York City, Queens, and its home airport is at John F. Kennedy International Airport.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. EPS shows how much of the net profit is accounted for by the common share. Ahead of a decision from the Department of Justice on whether to block a merger between JetBlue Airways and Spirit Airlines, the companies are reportedly making a final push. The Federal Aviation Administration is investigating a Monday incident in which a Learjet took off in Boston while a JetBlue flight was preparing to land.