Goldman Sachs Reaffirms Their Sell Rating on JetBlue Airways (JBLU)

In a report released yesterday, Catherine O’Brien from Goldman Sachs maintained a Sell rating on JetBlue Airways, with a price target of $3.50. The company’s shares closed yesterday at $4.71.

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O’Brien covers the Industrials sector, focusing on stocks such as United Airlines Holdings, Delta Air Lines, and Aercap Holdings. According to TipRanks, O’Brien has an average return of -3.2% and a 48.76% success rate on recommended stocks.

In addition to Goldman Sachs, JetBlue Airways also received a Sell from Citi’s John Godyn in a report issued on December 2. However, on December 1, TD Cowen maintained a Hold rating on JetBlue Airways (NASDAQ: JBLU).

Based on JetBlue Airways’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.32 billion and a GAAP net loss of $143 million. In comparison, last year the company earned a revenue of $2.37 billion and had a GAAP net loss of $60 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JBLU in relation to earlier this year. Last month, Peter Boneparth, a Director at JBLU bought 50,000.00 shares for a total of $206,000.00.