Brokers Set Expectations for WestJet Airlines Ltd.’s Q4 2017 Earnings (WJA)
WestJet Airlines Ltd. (TSE:WJA) – National Bank Financial issued their Q4 2017 earnings estimates for shares of WestJet Airlines in a report released on Tuesday. National Bank Financial analyst C. Doerksen expects that the company will post earnings of $0.44 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $29.00 price target on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2018 earnings at $2.74 EPS.
A number of other research analysts have also weighed in on WJA. Beacon Securities raised shares of WestJet Airlines from a “hold” rating to a “buy” rating and raised their price objective for the company from C$22.50 to C$28.50 in a research note on Thursday, July 13th. Macquarie lowered shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from C$25.00 to C$24.00 in a research note on Monday, July 17th. Scotiabank raised their price objective on shares of WestJet Airlines from C$26.00 to C$27.50 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on shares of WestJet Airlines from C$25.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, TD Securities raised their price objective on shares of WestJet Airlines from C$29.00 to C$31.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$26.58.
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In other news, insider Gregg Albert Saretsky sold 14,687 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$25.99, for a total value of C$381,715.13.
WestJet Airlines Company Profile
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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