The Goldman Sachs Group Reiterates Sell Rating for JetBlue Airways (NASDAQ:JBLU)

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

Several other equities research analysts have also recently commented on the company. Barclays increased their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. TD Cowen boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Finally, StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and an average target price of $6.43.

JetBlue Airways Trading Down 9.5 %

Shares of JBLU stock opened at $6.39 on Friday. JetBlue Airways has a fifty-two week low of $4.10 and a fifty-two week high of $8.07. 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 stock’s fifty day moving average is $6.47 and its two-hundred day moving average is $5.91. The firm has a market capitalization of $2.22 billion, a P/E ratio of -2.54 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted ($0.39) earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that JetBlue Airways will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JBLU. Vanguard Group Inc. lifted its stake in JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in JetBlue Airways by 6.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after buying an additional 805,404 shares during the period. American Century Companies Inc. lifted its holdings in JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after buying an additional 1,135,217 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in JetBlue Airways by 13.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after buying an additional 663,865 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.