Can WestJet Airlines Ltd.’s Tomorrow be Different? The Stock Declines Again


 Can WestJet Airlines Ltd.'s Tomorrow be Different? The Stock Declines Again

The stock of WestJet Airlines Ltd. (TSE:WJA) is a huge mover today! About 84,354 shares traded hands. WestJet Airlines Ltd. (TSE:WJA) has risen 18.92% since March 14, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.
The move comes after 9 months negative chart setup for the $2.74 billion company. It was reported on Oct, 19 by We have $20.86 PT which if reached, will make TSE:WJA worth $246.60 million less.

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. Westjet Airlines Ltd. has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was initiated by Canaccord Genuity with “Hold” on Tuesday, June 28. The firm has “Outperform” rating by Macquarie Research given on Friday, July 22. The firm has “Underperform” rating given on Friday, January 29 by Bank of America. The rating was maintained by Scotia Capital on Wednesday, July 29 with “Sector Outperform”. As per Friday, September 4, the company rating was maintained by Scotia Capital. RBC Capital Markets downgraded WestJet Airlines Ltd. (TSE:WJA) rating on Wednesday, November 4. RBC Capital Markets has “Sector Perform” rating and $24 price target.

More notable recent WestJet Airlines Ltd. (TSE:WJA) news were published by: which released: “Is Warren Buffett Wrong About WestJet Airlines Ltd.?” on October 03, 2016, also with their article: “WestJet Airlines Ltd admits to ‘reliability challenges’ on new London routes …” published on July 11, 2016, published: “Is WestJet Airlines Ltd. a Smart Buy?” on September 19, 2016. More interesting news about WestJet Airlines Ltd. (TSE:WJA) were released by: and their article: “WestJet Airlines Ltd faces challenging 2016 thanks to high exposure to weak …” published on January 04, 2016 as well as‘s news article titled: “Air Canada vs. WestJet Airlines Ltd.: Which Airline Is Best?” with publication date: September 16, 2016.

WestJet Airlines Ltd. is a Canada-based airline firm that offers airline services and vacation packages. The company has a market cap of $2.74 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 9.78 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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