What Will Happen to WestJet Airlines Ltd. Next? The Stock Just Lifted A Lot


 What Will Happen to WestJet Airlines Ltd. Next? The Stock Just Lifted A Lot

The stock of WestJet Airlines Ltd. (TSE:WJA) is a huge mover today! About 68,795 shares traded hands. WestJet Airlines Ltd. (TSE:WJA) has risen 19.65% since March 10, 2016 and is uptrending. It has outperformed by 14.04% the S&P500.
The move comes after 6 months positive chart setup for the $2.78B company. It was reported on Oct, 17 by Barchart.com. We have $28.91 PT which if reached, will make TSE:WJA worth $695.00 million more.

WestJet Airlines Ltd. (TSE:WJA) Ratings Coverage

Out of 10 analysts covering Westjet Airlines Ltd. (TSE:WJA), 7 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 70% are positive. $36.50 is the highest target while $17.50 is the lowest. The $25.25 average target is 9.17% above today’s ($23.13) stock price. Westjet Airlines Ltd. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, November 4, the company rating was downgraded by RBC Capital Markets. The company was maintained on Wednesday, July 29 by Scotia Capital. Scotia Capital maintained WestJet Airlines Ltd. (TSE:WJA) rating on Friday, September 4. Scotia Capital has “Outperform” rating and $32.50 price target. The stock has “Underperform” rating given by Bank of America on Friday, January 29. Canaccord Genuity initiated the stock with “Hold” rating in Tuesday, June 28 report. The firm has “Outperform” rating by Macquarie Research given on Friday, July 22.

More notable recent WestJet Airlines Ltd. (TSE:WJA) news were published by: Fool.ca which released: “Is Warren Buffett Wrong About WestJet Airlines Ltd.?” on October 03, 2016, also Fool.ca with their article: “Is WestJet Airlines Ltd. a Smart Buy?” published on September 19, 2016, Business.Financialpost.com published: “WestJet Airlines Ltd admits to ‘reliability challenges’ on new London routes …” on July 11, 2016. More interesting news about WestJet Airlines Ltd. (TSE:WJA) were released by: Fool.ca and their article: “Air Canada vs. WestJet Airlines Ltd.: Which Airline Is Best?” published on September 16, 2016 as well as Business.Financialpost.com‘s news article titled: “WestJet Airlines Ltd earnings fall 38% in oil slump, but still beat expectations” with publication date: May 03, 2016.

WestJet Airlines Ltd. is a Canada-based airline firm that offers airline services and vacation packages. The company has a market cap of $2.78 billion. The Firm operates WestJet Vacations, which provide air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and over one destination in the United States. It has a 9.87 P/E ratio. The Company’s airline offers scheduled service to over 100 destinations in North America, Central America, the Caribbean and Europe with its fleet of approximately 110 Boeing 737 Next Generation aircraft, over 20 Bombardier Q400 aircraft and approximately two wide-body Boeing 767-300ERW aircraft.

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