WestJet Airlines (WJA) Price Target Raised to C$18.00

WestJet Airlines (TSE:WJA) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from C$17.00 to C$18.00 in a note issued to investors on Friday. JPMorgan Chase & Co.’s target price indicates a potential downside of 3.90% from the stock’s current price.

WJA has been the subject of several other reports. CIBC decreased their price target on shares of WestJet Airlines from C$20.00 to C$17.00 in a research report on Wednesday, August 1st. Cormark upped their price target on shares of WestJet Airlines from C$22.00 to C$28.00 in a research report on Tuesday, October 2nd. National Bank Financial decreased their price target on shares of WestJet Airlines from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 10th. TD Securities upped their price target on shares of WestJet Airlines from C$18.00 to C$19.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets decreased their price target on shares of WestJet Airlines from C$20.00 to C$19.00 and set a “market perform” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. WestJet Airlines has a consensus rating of “Hold” and an average target price of C$19.95.

TSE WJA traded down C$0.77 on Friday, hitting C$18.73. The company’s stock had a trading volume of 199,636 shares, compared to its average volume of 423,287. WestJet Airlines has a 1-year low of C$16.82 and a 1-year high of C$27.85.

WestJet Airlines (TSE:WJA) last announced its quarterly earnings results on Tuesday, July 31st. The company reported C($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.30) by C$0.12. WestJet Airlines had a net margin of 4.58% and a return on equity of 9.19%. The firm had revenue of C$1.09 billion during the quarter, compared to analysts’ expectations of C$1.10 billion.

In related news, Director Christopher Michael Burley bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were acquired at an average cost of C$17.30 per share, with a total value of C$346,000.00. Also, insider Barbara Elaine Munroe sold 6,500 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of C$17.30, for a total transaction of C$112,450.00.

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, 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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Analyst Recommendations for WestJet Airlines (TSE:WJA)

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