WestJet Airlines (WJA) Price Target Cut to C$17.50 by Analysts at National Bank Financial
WestJet Airlines (TSE:WJA) had its price target decreased by investment analysts at National Bank Financial from C$18.50 to C$17.50 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 0.34% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. raised their price target on WestJet Airlines from C$18.00 to C$20.50 in a report on Thursday, December 6th. Canaccord Genuity reduced their price target on WestJet Airlines from C$22.00 to C$20.00 in a research report on Thursday. Cowen upped their price target on WestJet Airlines from C$20.00 to C$22.00 in a research report on Monday, December 3rd. CIBC reduced their price target on WestJet Airlines from C$17.00 to C$16.00 in a research report on Wednesday, October 17th. Finally, Cormark upped their price target on WestJet Airlines from C$22.00 to C$28.00 in a research report on Tuesday, October 2nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$20.45.
Shares of WestJet Airlines stock traded down C$0.23 during midday trading on Friday, hitting C$17.56. The company had a trading volume of 253,232 shares, compared to its average volume of 252,644. The company has a debt-to-equity ratio of 87.39, a quick ratio of 0.65 and a current ratio of 0.78. WestJet Airlines has a 52-week low of C$16.71 and a 52-week high of C$26.72.
In related news, Director Colleen Johnston acquired 30,000 shares of the company’s stock in a transaction dated 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.
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