JetBlue Airways’ (JBLU) Sell Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their sell rating on shares of JetBlue Airways (NASDAQ:JBLU) in a report released on Friday morning, MarketBeat Ratings reports. They currently have a $5.50 price objective on the transportation company’s stock.

A number of other analysts have also issued reports on JBLU. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen boosted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.43.

JetBlue Airways Price Performance

JBLU stock opened at $7.06 on Friday. The stock has a market cap of $2.45 billion, a PE ratio of -2.80 and a beta of 1.92. JetBlue Airways has a 12 month low of $4.09 and a 12 month high of $8.07. The company has a 50-day moving average price of $6.47 and a 200 day moving average price of $5.91. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm posted ($0.39) earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that JetBlue Airways will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in JetBlue Airways in the first quarter valued at approximately $25,000. Bogart Wealth LLC boosted its position in shares of JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways during the 3rd quarter worth $28,000. Trust Co. of Vermont purchased a new position in JetBlue Airways during the 2nd quarter worth $27,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in JetBlue Airways during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.