WestJet Airlines (WJA) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of WestJet Airlines (TSE:WJA) from a neutral rating to an underweight rating in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has C$31.00 target price on the stock, up from their prior target price of C$20.00.

A number of other brokerages also recently issued reports on WJA. National Bank Financial downgraded shares of WestJet Airlines from a reduce rating to a tender rating and increased their price objective for the stock from C$22.00 to C$31.00 in a research note on Monday, May 13th. TD Securities increased their price objective on shares of WestJet Airlines from C$19.00 to C$20.00 and gave the stock a hold rating in a research note on Wednesday, May 8th. Cowen increased their price objective on shares of WestJet Airlines from C$22.00 to C$31.00 in a research note on Tuesday, May 14th. CIBC increased their price objective on shares of WestJet Airlines from C$20.00 to C$22.00 in a research note on Wednesday, February 6th. Finally, Royal Bank of Canada increased their price objective on shares of WestJet Airlines from C$20.00 to C$31.00 and gave the stock a sector perform rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has an average rating of Hold and a consensus target price of C$26.33.

Shares of WestJet Airlines stock opened at C$30.10 on Wednesday. The stock has a market cap of $3.43 billion and a price-to-earnings ratio of 33.48. The company has a debt-to-equity ratio of 127.88, a quick ratio of 0.63 and a current ratio of 0.74. WestJet Airlines has a 12-month low of C$16.71 and a 12-month high of C$30.25.

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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