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RBC Capital Reiterates a Hold Rating on WestJet Airlines Ltd (WJA)


In a latest note to investors, a research analyst has provided a rating update for the Services sector company, WestJet Airlines Ltd (TSX: WJA). Analyst Walter Spracklin from RBC Capital reiterated a Hold rating, with a C$19 price target today.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 18.8% and a 73.8% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.

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WestJet Airlines Ltd has an analyst consensus of Hold, with a price target consensus of C$18.83.

WestJet Airlines Ltd’s market cap is currently C$2.06B and has a P/E ratio of 10.2. The company has a Price to Book ratio of 0.92.

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 Friday at C$18.14, close to its 52-week low of C$16.82.