Raymond James Believes JetBlue Airways (JBLU) Still Has Room to Grow

In a report released today, Savanthi Syth from Raymond James reiterated a Buy rating on JetBlue Airways (JBLU). The company’s shares closed last Tuesday at $20.12, close to its 52-week high of $21.96.

According to TipRanks.com, Syth is a 5-star analyst with an average return of 15.7% and a 58.4% success rate. Syth covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, United Airlines Holdings, and Frontier Group Holdings.

Currently, the analyst consensus on JetBlue Airways is a Moderate Buy with an average price target of $23.56, a 17.8% upside from current levels. In a report issued on April 13, Susquehanna also upgraded the stock to Buy with a $26.00 price target.

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The company has a one-year high of $21.96 and a one-year low of $7.34. Currently, JetBlue Airways has an average volume of 9.05M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBLU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.

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