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

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

JBLU has been the topic of a number of other research reports. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Barclays boosted their price objective on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday. Susquehanna raised their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. 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 stock. According to MarketBeat, JetBlue Airways has a consensus rating of “Hold” and an average price target of $6.43.

JetBlue Airways Stock Performance

Shares of JBLU opened at $7.06 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 stock has a 50-day moving average of $6.47 and a two-hundred day moving average of $5.91. The stock has a market cap of $2.45 billion, a P/E ratio of -2.80 and a beta of 1.92. JetBlue Airways has a one year low of $4.09 and a one year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted ($0.39) earnings per share. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that JetBlue Airways will post -0.92 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its holdings in JetBlue Airways by 715.3% during the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares in the last quarter. American Century Companies Inc. lifted its stake in JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in JetBlue Airways by 429.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company’s stock worth $8,084,000 after buying an additional 999,713 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in JetBlue Airways during the 3rd quarter worth approximately $5,311,000. Finally, Donald Smith & CO. Inc. raised its holdings in shares of JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after acquiring an additional 805,404 shares during the last quarter. Institutional investors and hedge funds 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.