JetBlue Airways (JBLU) Gets a Hold Rating from Morgan Stanley

By Carrie Williams

In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on JetBlue Airways (JBLUResearch Report), with a price target of $19.00. The company’s shares closed last Monday at $16.74.

According to, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.

Currently, the analyst consensus on JetBlue Airways is a Hold with an average price target of $20.20.

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JetBlue Airways’ market cap is currently $4.96B and has a P/E ratio of 11.64. The company has a Price to Book ratio of 1.06.

Based on the recent corporate insider activity of 56 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.

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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.