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JetBlue Stock: What Analysts Recommend after Q1 Earnings

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Apr. 28 2017, Updated 7:36 a.m. ET

Analyst recommendations

Out of the 15 analysts tracking JetBlue (JBLU), 13.3% (two analysts) have a “strong buy” rating on the stock, 40.0% (six analysts) have a “strong buy” rating, and 40.0% (six analysts) have a “hold” rating. None of the analysts have a “sell” rating, though one analyst (6.7%) has a “strong sell” rating.

Until April 25, 2017, all analysts maintained their previous recommendations after the first-quarter results.

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Target price

The stock’s consensus 12-month target has risen to $25.4 compared to $22.2 at the end of 4Q16. The current target price indicates 13% return potential as of the April 25, 2017, closing price of $22.57. The highest target price for the stock is $33 and the lowest target price is $19.

Two analysts have so far raised their target prices for the stock. Cowen and Company has a “market perform” rating. It had raised its target price to $24 from $23. Imperial Capital has raised its target price to $31 from $29.

Peer comparison

Analysts’ 12-month target prices for JetBlue’s peers are as follows:

  • Delta Air Lines (DAL): $61.3 with 30.8% return potential
  • Alaska Airlines (ALK): $110.7 with 22.3% return potential
  • United Airlines (UAL): $85.8 with 20.5% return potential
  • American Airlines (AAL): $54.8 with 17.9% return potential
  • Spirit Airlines (SAVE): $66.3 with 15.0% return potential
  • Southwest Airlines (LUV): $63.0 with 10.1% return potential

Investors can gain exposure to JetBlue stock by investing in the iShares S&P Mid-Cap 400 Value ETF (IJJ), which invests 0.99% of its portfolio in the stock. Next, we wrap up this series by looking at JBLU’s valuation compared to peers.

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