JetBlue Airways Corp (NASDAQ: JBLU) has recently experienced important negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Recent meaningful negative changes in investment behavior have impacted JetBlue Airways Corp (NASDAQ: JBLU): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, JBLU is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. JetBlue Airways has a very high Appreciation Score of 92 but a neutral Power Rating of 45, triggering the Positive Value Trend Rating.
Recent Price Action
On 8/16/24, JetBlue Airways Corp (NASDAQ: JBLU) stock increased 1.3%, closing at $4.74. However, trading volume in this advance was below average at 82% of normal. The stock has performed in line with the market over the last nine months and has declined -21.7% during the last week.
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