WestJet Airlines Ltd. Stock Is Rising Now

 WestJet Airlines Ltd. Stock Is Rising Now

The stock of WestJet Airlines Ltd. (TSE:WJA) is a huge mover today! About 405,556 shares traded hands or 91.82% up from the average. WestJet Airlines Ltd. (TSE:WJA) has risen 11.25% since March 28, 2016 and is uptrending. It has outperformed by 8.24% the S&P500.
The move comes after 5 months positive chart setup for the $2.70B company. It was reported on Nov, 1 by Barchart.com. We have $32.67 PT which if reached, will make TSE:WJA worth $1.13B 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 $25.45 average target is 10.60% above today’s ($23.01) stock price. Westjet Airlines Ltd. has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Wednesday, November 4 report. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, June 28. The firm has “Underperform” rating by Bank of America given on Friday, January 29. The firm earned “Outperform” rating on Friday, September 4 by Scotia Capital. The firm earned “Outperform” rating on Friday, July 22 by Macquarie Research. Scotia Capital maintained WestJet Airlines Ltd. (TSE:WJA) rating on Wednesday, July 29. Scotia Capital has “Sector Outperform” rating and $32.50 price target.

More notable recent WestJet Airlines Ltd. (TSE:WJA) news were published by: Theglobeandmail.com which released: “WestJet’s profit beats as it flies more passengers” on November 01, 2016, also Fool.ca with their article: “Is Warren Buffett Wrong About WestJet Airlines Ltd.?” published on October 03, 2016, Fool.ca published: “3 Reasons Investors Should Prefer WestJet Airlines Ltd. Over Air Canada” on October 25, 2016. More interesting news about WestJet Airlines Ltd. (TSE:WJA) were released by: Business.Financialpost.com and their article: “WestJet Airlines Ltd admits to ‘reliability challenges’ on new London routes …” published on July 11, 2016 as well as Business.Financialpost.com‘s news article titled: “WestJet Airlines Ltd faces challenging 2016 thanks to high exposure to weak …” with publication date: January 04, 2016.

WestJet Airlines Ltd. is a Canada-based airline firm that offers airline services and vacation packages. The company has a market cap of $2.70 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 9.82 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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