WestJet Airlines Ltd. (WJA) Receives Average Recommendation of “Hold” from Analysts

Shares of WestJet Airlines Ltd. (TSE:WJA) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$26.33.

Several equities research analysts have recently commented on WJA shares. Morgan Stanley reissued an “underweight” rating and issued a C$18.00 target price on shares of WestJet Airlines in a research note on Friday, April 5th. National Bank Financial upgraded WestJet Airlines from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from C$19.50 to C$22.50 in a research report on Thursday, April 11th. CIBC raised their price target on WestJet Airlines from C$20.00 to C$22.00 in a research report on Wednesday, February 6th. TD Securities raised their price target on WestJet Airlines from C$22.00 to C$24.00 and gave the stock a “hold” rating in a research report on Wednesday, February 6th. Finally, Cormark restated a “market perform” rating and issued a C$21.00 price target on shares of WestJet Airlines in a research report on Tuesday, March 19th.

Shares of TSE WJA traded down C$0.25 during midday trading on Friday, hitting C$30.00. The stock had a trading volume of 1,583,628 shares, compared to its average volume of 515,188. The stock has a market capitalization of $2.11 billion and a P/E ratio of 33.37. WestJet Airlines has a fifty-two week low of C$16.71 and a fifty-two week high of C$30.25. The company has a debt-to-equity ratio of 127.88, a quick ratio of 0.63 and a current ratio of 0.74.

About WestJet Airlines

WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.

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Analyst Recommendations for WestJet Airlines (TSE:WJA)

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