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Is JetBlue Airways (JBLU) Stock Undervalued Right Now?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is JetBlue Airways (JBLU - Free Report) . JBLU is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Investors should also recognize that JBLU has a P/B ratio of 1.20. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.52. Over the past year, JBLU's P/B has been as high as 1.50 and as low as 1.05, with a median of 1.30.
Finally, we should also recognize that JBLU has a P/CF ratio of 4.61. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. JBLU's current P/CF looks attractive when compared to its industry's average P/CF of 5.74. JBLU's P/CF has been as high as 5.15 and as low as 3.74, with a median of 4.38, all within the past year.
These are just a handful of the figures considered in JetBlue Airways's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that JBLU is an impressive value stock right now.
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Is JetBlue Airways (JBLU) Stock Undervalued Right Now?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is JetBlue Airways (JBLU - Free Report) . JBLU is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Investors should also recognize that JBLU has a P/B ratio of 1.20. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 2.52. Over the past year, JBLU's P/B has been as high as 1.50 and as low as 1.05, with a median of 1.30.
Finally, we should also recognize that JBLU has a P/CF ratio of 4.61. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. JBLU's current P/CF looks attractive when compared to its industry's average P/CF of 5.74. JBLU's P/CF has been as high as 5.15 and as low as 3.74, with a median of 4.38, all within the past year.
These are just a handful of the figures considered in JetBlue Airways's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that JBLU is an impressive value stock right now.