WestJet Airlines Ltd. (WJA) Cut to “Hold” at Beacon Securities
WestJet Airlines Ltd. (TSE:WJA) was downgraded by equities researchers at Beacon Securities from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. Beacon Securities also issued estimates for WestJet Airlines’ Q4 2017 earnings at $0.49 EPS and FY2018 earnings at $3.11 EPS.
A number of other research analysts have also recently commented on WJA. Macquarie cut shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and cut their price target for the stock from C$25.00 to C$24.00 in a report on Monday, July 17th. Scotiabank upped their price target on shares of WestJet Airlines from C$26.00 to C$27.50 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. National Bank Financial upgraded shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from C$21.50 to C$27.00 in a report on Wednesday, August 2nd. Royal Bank Of Canada upped their price objective on shares of WestJet Airlines from C$25.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Finally, TD Securities upped their price objective on shares of WestJet Airlines from C$29.00 to C$31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$26.58.
In other WestJet Airlines 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 transaction 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.
Receive News & Ratings for WestJet Airlines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.