WestJet Airlines (WJA) PT Raised to C$20.00

WestJet Airlines (TSE:WJA) had its price objective lifted by investment analysts at CIBC from C$16.00 to C$20.00 in a report released on Wednesday. The brokerage presently has an “average” rating on the stock. CIBC’s price target would indicate a potential downside of 3.10% from the company’s current price.

WJA has been the topic of several other reports. Cowen boosted their price target on shares of WestJet Airlines from C$20.00 to C$22.00 in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of WestJet Airlines from C$17.00 to C$18.00 in a research report on Friday, November 2nd. Cormark boosted their price target on shares of WestJet Airlines from C$22.00 to C$28.00 in a research report on Tuesday, October 2nd. TD Securities boosted their price target on shares of WestJet Airlines from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Finally, National Bank Financial boosted their price target on shares of WestJet Airlines from C$17.00 to C$18.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. WestJet Airlines has a consensus rating of “Hold” and an average target price of C$20.64.

Shares of TSE WJA opened at C$20.64 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 87.39. 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 issued its quarterly earnings results on Tuesday, October 30th. The company reported C$0.40 EPS for the quarter, topping the consensus estimate of C$0.35 by C$0.05. The business had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. On average, research analysts anticipate that WestJet Airlines will post 1.23759812288611 EPS for the current fiscal year.

In other WestJet Airlines news, Director Colleen Johnston purchased 30,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average cost of C$18.75 per share, with a total value of C$562,500.00.

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.

Further Reading: Earnings Per Share (EPS) Explained

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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