UBS Reaffirms Their Sell Rating on JetBlue Airways (JBLU)
UBS analyst Atul Maheswari maintained a Sell rating on JetBlue Airways today and set a price target of $4.00.
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According to TipRanks, Maheswari is an analyst with an average return of -1.5% and a 50.77% success rate. Maheswari covers the Industrials sector, focusing on stocks such as Delta Air Lines, Alaska Air, and JetBlue Airways.
In addition to UBS, JetBlue Airways also received a Sell from Goldman Sachs’s Catherine O’Brien in a report issued yesterday. However, on May 29, Deutsche Bank maintained a Hold rating on JetBlue Airways (NASDAQ: JBLU).
Based on JetBlue Airways’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.24 billion and a GAAP net loss of $319 million. In comparison, last year the company earned a revenue of $2.14 billion and had a GAAP net loss of $208 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBLU in relation to earlier this year. Earlier this month, Vivek Sharma, a Director at JBLU sold 32,000.00 shares for a total of $173,070.00.
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