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


In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on JetBlue Airways (JBLU), with a price target of $20.00. The company’s shares closed last Monday at $16.53.

According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.6% and a 65.1% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and American Airlines.

The word on The Street in general, suggests a Hold analyst consensus rating for JetBlue Airways with a $19.50 average price target.

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Based on JetBlue Airways’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.11 billion and net profit of $179 million. In comparison, last year the company earned revenue of $2.01 billion and had a net profit of $50 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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