TD Securities downgraded shares of WestJet Airlines (TSE:WJA) from a hold rating to a tender rating in a research note released on Tuesday, BayStreet.CA reports. The brokerage currently has C$31.00 price target on the stock, up from their prior price target of C$20.00.
A number of other brokerages have also recently commented on WJA. National Bank Financial cut WestJet Airlines from a reduce rating to a tender rating and upped their price target for the company from C$22.00 to C$31.00 in a research note on Monday, May 13th. Raymond James reissued a market perform rating and set a C$20.25 target price on shares of WestJet Airlines in a research note on Wednesday, February 6th. CIBC increased their target price on WestJet Airlines from C$20.00 to C$22.00 in a research note on Wednesday, February 6th. Cormark reissued a market perform rating and set a C$21.00 target price on shares of WestJet Airlines in a research note on Tuesday, March 19th. Finally, Morgan Stanley reissued an underweight rating and set a C$18.00 target price on shares of WestJet Airlines in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of C$26.33.
Shares of WJA stock opened at C$30.10 on Tuesday. The company has a debt-to-equity ratio of 127.88, a current ratio of 0.74 and a quick ratio of 0.63. The stock has a market capitalization of $2.11 billion and a PE ratio of 33.48. WestJet Airlines has a one year low of C$16.71 and a one year high of C$30.25.
WestJet Airlines Company Profile
WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.
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