FMP
Apr 18, 2024 10:53 AM - Davit Kirakosyan
JPMorgan analysts upgraded JetBlue Airways (NASDAQ:JBLU) to Neutral from Underweight, setting a price target of $7 on the stock. The analysts noted that while the improved earnings forecast for 2025 doesn't support a higher rating, JetBlue is positioned for potential upside.
They anticipate that JetBlue's upcoming second quarter guidance might surpass consensus expectations, maintaining a top estimate of $0.10. Despite being one of the least favored airlines based on sell-side ratings, JetBlue could attract attention with new management poised to shift from previous loss tolerance. The presence of an activist shareholder and JetBlue’s strategic focus align with market trends favoring loyalty, premium services, and international exposure, albeit less aggressively than the major carriers.
The analysts suggest that while Southwest’s upcoming strategic updates might not impress, JetBlue could dominate the narrative around domestic airline turnarounds. The upgrade to Neutral reflects perceived limited downside risk and the introduction of a December 2024 price target of $7. From a credit standpoint, JetBlue’s substantial unencumbered asset pool is seen as robust enough to support upcoming financial obligations, including a significant convertible note due in two years.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...