Barclays Reaffirms Their Sell Rating on JetBlue Airways (JBLU)

Barclays analyst Brandon Oglenski maintained a Sell rating on JetBlue Airways (JBLU – Research Report) today and set a price target of $5.00. The company’s shares closed last Friday at $5.80.

Oglenski covers the Industrials sector, focusing on stocks such as FedEx, Knight Transportation, and American Airlines. According to TipRanks, Oglenski has an average return of 6.6% and a 52.64% success rate on recommended stocks.

Currently, the analyst consensus on JetBlue Airways is a Hold with an average price target of $6.20, representing a 6.90% upside. In a report released on April 24, Bank of America Securities also reiterated a Sell rating on the stock with a $3.00 price target.

Based on JetBlue Airways’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.21 billion and a GAAP net loss of $716 million. In comparison, last year the company earned a revenue of $2.33 billion and had a GAAP net loss of $192 million

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JetBlue Airways (JBLU) Company Description:

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.