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Monday, April 05, 2021 1:31:04 PM
JetBlue Airways (JBLU) Jets Higher on Raymond James Upgrade
By: Schaeffer's Investment Research | April 5, 2021
• Raymond James upgraded the stock to "outperform" from "market perform"
• JBLU is seeing attractively priced premiums at the moment
The shares of JetBlue Airways Corporation (NASDAQ:JBLU) are up 3.6% to trade at $21.10 at last check, after Raymond James upgraded the stock to "outperform" from "market perform." The firm cited recovery in international travel, sees long-term growth due to its transatlantic route, and noted that the company's daily bookings accelerated towards the end of March.
On the charts, today's pop has JBLU hitting the $21 level, home to its March 15 nearly three-year high of $21.73 -- an area that has rejected the equity's highest rallies since March of 2018. With the 40-day moving average swooping in to catch the stock's most recent pullback, JetBlue stock is up 151.2% year-over-year.
There are still plenty of room for upgrades amongst the brokerage bunch, as coming into today, six of the 11 analysts in coverage carried a "hold" or worse rating on JBLU. Plus, the 12-month consensus price target of $18.77 is a 7.9% discount to current levels.
Lastly, now is a good time to weigh in on the security's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 41% sits in the lowest percentile of its annual range, implying that options players are pricing in low volatility expectations at the moment.
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By: Schaeffer's Investment Research | April 5, 2021
• Raymond James upgraded the stock to "outperform" from "market perform"
• JBLU is seeing attractively priced premiums at the moment
The shares of JetBlue Airways Corporation (NASDAQ:JBLU) are up 3.6% to trade at $21.10 at last check, after Raymond James upgraded the stock to "outperform" from "market perform." The firm cited recovery in international travel, sees long-term growth due to its transatlantic route, and noted that the company's daily bookings accelerated towards the end of March.
On the charts, today's pop has JBLU hitting the $21 level, home to its March 15 nearly three-year high of $21.73 -- an area that has rejected the equity's highest rallies since March of 2018. With the 40-day moving average swooping in to catch the stock's most recent pullback, JetBlue stock is up 151.2% year-over-year.
There are still plenty of room for upgrades amongst the brokerage bunch, as coming into today, six of the 11 analysts in coverage carried a "hold" or worse rating on JBLU. Plus, the 12-month consensus price target of $18.77 is a 7.9% discount to current levels.
Lastly, now is a good time to weigh in on the security's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 41% sits in the lowest percentile of its annual range, implying that options players are pricing in low volatility expectations at the moment.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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