Cowen & Co. Keeps a Hold Rating on JetBlue Airways

By Ryan Adsit

In a report released today, Helane Becker from Cowen & Co. reiterated a Hold rating on JetBlue Airways (NASDAQ: JBLU), with a price target of $22. The company’s shares opened today at $19.45.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 23.6% and a 76.5% success rate. Becker covers the Services sector, focusing on stocks such as Volaris Aviation, Spirit Airlines, and Delta Airlines.

Currently, the analyst consensus on JetBlue Airways is Moderate Buy and the average price target is $25.75, representing a 32.4% upside.

In a report issued on March 29, Stephens also reiterated a Hold rating on the stock with a $24 price target.

JetBlue Airways’ market cap is currently $6.21B and has a P/E ratio of 5.5. The company has a book value ratio of 1.2856.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.

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JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom.