JetBlue Airways (NASDAQ:JBLU) Price Target Raised to $4.00 at The Goldman Sachs Group

JetBlue Airways (NASDAQ:JBLU) had its price objective increased by The Goldman Sachs Group from $3.50 to $4.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a sell rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley reduced their target price on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Citigroup dropped their price target on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday, January 7th. TD Cowen lifted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Wednesday, January 7th. Susquehanna boosted their target price on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways presently has an average rating of “Reduce” and an average target price of $4.93.

JetBlue Airways Trading Down 1.0%

NASDAQ JBLU opened at $4.84 on Tuesday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -3.67 and a beta of 1.78. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.77. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $8.31. The company’s fifty day moving average price is $4.62 and its two-hundred day moving average price is $4.69.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business posted ($0.16) EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts predict that JetBlue Airways will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently bought and sold shares of JBLU. Geode Capital Management LLC boosted its stake in JetBlue Airways by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company’s stock valued at $32,770,000 after purchasing an additional 128,622 shares during the period. Par Capital Management Inc. raised its holdings in shares of JetBlue Airways by 105.3% during the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after buying an additional 2,814,870 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of JetBlue Airways by 25.2% during the second quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after buying an additional 1,011,279 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of JetBlue Airways by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock worth $23,085,000 after buying an additional 274,892 shares during the period. Finally, Invesco Ltd. grew its holdings in JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock worth $19,091,000 after buying an additional 412,921 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.