After Today’s Huge Increase, Is WestJet Airlines Ltd.’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is WestJet Airlines Ltd.'s Near Term Analysis Positive?

The stock of WestJet Airlines Ltd. (TSE:WJA) is a huge mover today! About 128,679 shares traded hands. WestJet Airlines Ltd. (TSE:WJA) has risen 2.09% since April 11, 2016 and is uptrending. It has underperformed by 1.83% the S&P500.
The move comes after 6 months positive chart setup for the $2.55 billion company. It was reported on Nov, 15 by Barchart.com. We have $28.49 PT which if reached, will make TSE:WJA worth $867.00 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 $25.64 average target is 20.60% above today’s ($21.26) stock price. Westjet Airlines Ltd. has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Friday, January 29 the stock rating was downgraded by Bank of America to “Underperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 2 report. The stock of WestJet Airlines Ltd. (TSE:WJA) earned “Hold” rating by Canaccord Genuity on Tuesday, June 28. As per Wednesday, November 2, the company rating was downgraded by TD Securities. 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. Macquarie Research upgraded the shares of WJA in a report on Friday, July 22 to “Outperform” rating. The stock has “Sector Outperform” rating given by Scotia Capital on Wednesday, July 29. The stock of WestJet Airlines Ltd. (TSE:WJA) earned “Outperform” rating by Scotia Capital on Friday, September 4.

More notable recent WestJet Airlines Ltd. (TSE:WJA) news were published by: Seekingalpha.com which released: “WestJet Airlines Ltd.: Flying High” on November 02, 2016, also Business.Financialpost.com with their article: “WestJet’s profit beats as it flies more passengers” published on November 01, 2016, Fool.ca published: “Is Warren Buffett Wrong About WestJet Airlines Ltd.?” on October 03, 2016. More interesting news about WestJet Airlines Ltd. (TSE:WJA) were released by: Business.Financialpost.com and their article: “WestJet Airlines Ltd faces challenging 2016 thanks to high exposure to weak …” published on January 04, 2016 as well as Business.Financialpost.com‘s news article titled: “WestJet Airlines Ltd admits to ‘reliability challenges’ on new London routes …” with publication date: July 11, 2016.

WestJet Airlines Ltd. is a Canada-based airline firm that offers airline services and vacation packages. The company has a market cap of $2.55 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 8.47 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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