WestJet Airlines (WJA) Price Target Cut to C$26.00

WestJet Airlines (TSE:WJA) had its price objective lowered by equities researchers at BMO Capital Markets from C$27.00 to C$26.00 in a note issued to investors on Friday, March 9th. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.94% from the company’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. JPMorgan Chase restated a “neutral” rating and set a C$27.00 price objective on shares of WestJet Airlines in a research report on Monday, November 13th. Raymond James Financial lowered shares of WestJet Airlines from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$31.00 to C$25.00 in a report on Friday, March 9th. AltaCorp Capital raised shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating in a report on Wednesday, February 7th. Finally, National Bank Financial raised shares of WestJet Airlines from a “sector perform” rating to an “outperform” rating and set a C$30.00 price objective for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$27.95.

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Shares of WestJet Airlines stock traded down C$0.05 during trading on Friday, hitting C$23.65. The stock had a trading volume of 348,331 shares, compared to its average volume of 389,478. WestJet Airlines has a 12 month low of C$21.54 and a 12 month high of C$28.00.

WestJet Airlines (TSE:WJA) last posted its earnings results on Tuesday, February 6th. The company reported C$0.42 EPS for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.02). The business had revenue of C$1.12 billion for the quarter, compared to analysts’ expectations of C$1.11 billion. WestJet Airlines had a net margin of 4.58% and a return on equity of 9.19%.

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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.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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