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

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “sell” rating restated by analysts at The Goldman Sachs Group in a research report issued on Friday,Benzinga reports. They presently have a $5.50 target price on the transportation company’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 22.64% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Citigroup increased their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Evercore ISI upped their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Stock Up 2.4 %

JetBlue Airways stock opened at $7.11 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a 50 day moving average price of $6.40 and a 200 day moving average price of $5.89. JetBlue Airways has a fifty-two week low of $4.09 and a fifty-two week high of $8.07. The company has a market capitalization of $2.47 billion, a PE ratio of -2.82 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts expect that JetBlue Airways will post -0.94 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smith Anglin Financial LLC boosted its holdings in JetBlue Airways by 14.6% in the third quarter. Smith Anglin Financial LLC now owns 13,839 shares of the transportation company’s stock valued at $91,000 after purchasing an additional 1,763 shares in the last quarter. Sage Rhino Capital LLC grew its position in shares of JetBlue Airways by 9.9% in the 2nd quarter. Sage Rhino Capital LLC now owns 19,834 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,788 shares during the last quarter. Jeppson Wealth Management LLC grew its position in shares of JetBlue Airways by 15.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company’s stock valued at $90,000 after buying an additional 1,850 shares during the last quarter. GAMMA Investing LLC raised its stake in JetBlue Airways by 79.2% during the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after acquiring an additional 2,993 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in JetBlue Airways by 31.6% in the first quarter. EP Wealth Advisors LLC now owns 13,548 shares of the transportation company’s stock valued at $101,000 after acquiring an additional 3,255 shares during the last quarter. Institutional investors and hedge funds 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.