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

JetBlue Airways (NASDAQ:JBLU - Get Free Report)'s stock had its "sell" rating restated by equities researchers at The Goldman Sachs Group in a research note issued on Friday, Marketbeat.com reports. They presently have a $5.50 price objective on the transportation company's stock. The Goldman Sachs Group's target price would indicate a potential downside of 22.10% from the stock's current price.

Other equities analysts have also issued reports about the company. Susquehanna raised their price target on JetBlue Airways from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $3.00 to $6.00 in a report on Monday, September 9th. TD Cowen raised their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Barclays raised their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday. Finally, Citigroup lifted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $6.43.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded down $0.05 during trading hours on Friday, reaching $7.06. The stock had a trading volume of 10,253,977 shares, compared to its average volume of 15,748,440. 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 simple moving average of $6.44 and a 200 day simple moving average of $5.90. JetBlue Airways has a 12-month low of $4.09 and a 12-month high of $8.07. The stock has a market cap of $2.45 billion, a P/E ratio of -2.81 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly 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 analyst estimates of $2.36 billion. During the same period last year, the company earned ($0.39) earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts forecast that JetBlue Airways will post -0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in JetBlue Airways by 0.9% during the first quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company's stock worth $277,336,000 after purchasing an additional 317,263 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in JetBlue Airways by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after purchasing an additional 521,767 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in 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 worth $98,360,000 after purchasing an additional 805,404 shares during the last quarter. American Century Companies Inc. lifted its stake in JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock worth $37,141,000 after purchasing an additional 663,865 shares during the last quarter. 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.