JetBlue Airways (NASDAQ:JBLU) Given Sell Rating at The Goldman Sachs Group

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

A number of other analysts have also recently issued reports on JBLU. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Barclays raised their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday. Citigroup upped their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Susquehanna lifted their price objective on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.43.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded down $0.05 during trading hours on Friday, hitting $7.06. 10,409,147 shares of the company traded hands, compared to its average volume of 15,749,121. 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 has a twelve month low of $4.09 and a twelve month high of $8.07. The firm has a 50-day moving average of $6.47 and a 200 day moving average of $5.91. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -2.80 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data 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 net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business earned ($0.39) earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that JetBlue Airways will post -0.94 EPS for the current year.

Institutional Trading of JetBlue Airways

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the 1st quarter worth about $25,000. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 1,951.2% during the third 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 bought a new stake in shares of JetBlue Airways during the third quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the second quarter valued at approximately $27,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways in the 2nd quarter worth approximately $34,000. Institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

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.