WestJet Airlines (TSE:WJA)‘s stock had its “market perform” rating restated by research analysts at Raymond James in a report released on Friday. They presently have a C$18.50 price target on the stock. Raymond James’ target price suggests a potential downside of 6.52% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their target price on WestJet Airlines from C$18.00 to C$20.50 in a report on Thursday. AltaCorp Capital upgraded WestJet Airlines from an “underperform” rating to a “sector perform” rating in a report on Wednesday. Canaccord Genuity upped their target price on WestJet Airlines from C$20.00 to C$21.00 in a report on Wednesday. CIBC upped their target price on WestJet Airlines from C$16.00 to C$20.00 and gave the stock an “average” rating in a report on Wednesday. Finally, Cowen upped their target price on WestJet Airlines from C$20.00 to C$22.00 in a report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$20.64.
WJA stock opened at C$19.79 on Friday. WestJet Airlines has a fifty-two week low of C$16.82 and a fifty-two week high of C$27.85. The company has a debt-to-equity ratio of 87.39, a current ratio of 0.78 and a quick ratio of 0.65.
WestJet Airlines (TSE:WJA) last posted its earnings results on Tuesday, October 30th. The company reported C$0.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.05. The firm had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. Research analysts expect that WestJet Airlines will post 1.33999997426983 earnings per share for the current year.
In related news, Director Colleen Johnston purchased 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of C$18.75 per share, for a total transaction of C$562,500.00.
WestJet Airlines Company Profile
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, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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