Stifel Nicolaus Sticks to Its Hold Rating for JetBlue Airways

In a report released yesterday, Joseph DeNardi from Stifel Nicolaus reiterated a Hold rating on JetBlue Airways (NASDAQ: JBLU), with a price target of $19. The company’s shares closed yesterday at $18, close to its 52-week low of $17.10.

According to TipRanks.com, DeNardi is a 5-star analyst with an average return of 16.5% and a 76.7% success rate. DeNardi covers the Services sector, focusing on stocks such as Allegiant Travel Company, Hawaiian Holdings, and American Airlines.

Currently, the analyst consensus on JetBlue Airways is a Hold with an average price target of $20.50, representing a 13.9% upside. In a report issued on July 24, Stephens also reiterated a Hold rating on the stock with a $19 price target.

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The company has a one-year high of $23.08 and a one-year low of $17.10. Currently, JetBlue Airways has an average volume of 4.64M.

Based on the recent corporate insider activity of 63 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.