Fintel reports that on August 2, 2023, JP Morgan maintained coverage of Jetblue Airways (NASDAQ:JBLU) with a Underweight recommendation.
Analyst Price Forecast Suggests 28.94% Upside
As of August 2, 2023, the average one-year price target for Jetblue Airways is 8.90. The forecasts range from a low of 7.07 to a high of $11.55. The average price target represents an increase of 28.94% from its latest reported closing price of 6.90.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Jetblue Airways is 10,086MM, an increase of 1.73%. The projected annual non-GAAP EPS is 0.63.
What is the Fund Sentiment?
There are 675 funds or institutions reporting positions in Jetblue Airways. This is a decrease of 12 owner(s) or 1.75% in the last quarter. Average portfolio weight of all funds dedicated to JBLU is 0.10%, a decrease of 59.45%. Total shares owned by institutions increased in the last three months by 2.43% to 264,888K shares. 
The put/call ratio of JBLU is 0.68, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 12,124K shares representing 3.70% ownership of the company. In it's prior filing, the firm reported owning 14,262K shares, representing a decrease of 17.64%. The firm decreased its portfolio allocation in JBLU by 5.61% over the last quarter.
Donald Smith holds 10,980K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 9,608K shares, representing an increase of 12.49%. The firm increased its portfolio allocation in JBLU by 20.93% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,000K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 9,944K shares, representing an increase of 0.57%. The firm increased its portfolio allocation in JBLU by 4.33% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 9,992K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 10,002K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in JBLU by 7.42% over the last quarter.
JETS - U.S. Global Jets ETF holds 9,685K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 8,076K shares, representing an increase of 16.62%. The firm increased its portfolio allocation in JBLU by 46.06% over the last quarter.
Jetblue Airways Background Information
(This description is provided by the company.)
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers across the U.S., Caribbean and Latin America.
Additional reading:
- JETBLUE ANNOUNCES SECOND QUARTER 2023 RESULTS Delivered record quarterly revenues and continued cost execution Updating FY2023 earnings outlook to reflect current challenges
- Third Quarter and Full-Year 2023 Outlook Estimated 3Q 2023 Estimated FY 2023 Capacity and Revenue Available Seat Miles (ASMs) Year-Over-Year 5.5% - 8.5% 5.5% – 8.5% Revenue Year-Over-Year (8.0%) - (4.0%) 6.0% - 9.0% Expense CASM Ex-Fuel1 (Non-GAAP) Y
- 1 2Q23 Earnings Presentation August 1, 2023 2 Safe Harbor This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be co
- JetBlue Announces Record and Payment Dates for July 2023 Additional Prepayment to Spirit Stockholders
- JetBlue Issues Statement on Its Northeast Alliance with American Airlines
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
