WestJet Airlines Ltd (WJA), the Services sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial reiterated a Hold rating, with a C$31 price target.
According to TipRanks.com, Murray is ranked #618 out of 5169 analysts.
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WestJet Airlines Ltd has an analyst consensus of Hold, with a price target consensus of C$23.33, a -21.9% downside from current levels. In a report issued on May 9, Raymond James also maintained a Hold rating on the stock with a C$20 price target.
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Based on WestJet Airlines Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$45.62 million. In comparison, last year the company had a net profit of C$37.2 million.
WestJet Airlines Ltd. engages in the provision of passenger air transportation services. It offers scheduled flights, vacation packages, travel insurance, and cargo handling. WestJet Airlines was founded by Clive J. Beddoe, Mark Hill, Thomas W. Morgan, and Donald James Bell in 1996 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$29.89, close to its 52-week high of C$30.24.
