WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Cormark cut their Q1 2017 earnings estimates for WestJet Airlines in a report released on Wednesday. Cormark analyst D. Tyerman now expects that the firm will earn $0.52 per share for the quarter, down from their previous forecast of $0.67. Cormark also issued estimates for WestJet Airlines’ Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $1.02 EPS, Q4 2017 earnings at $0.59 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.77 EPS.
A number of other equities research analysts have also weighed in on WJA. Raymond James Financial, Inc. boosted their target price on WestJet Airlines from C$24.00 to C$24.50 in a research note on Monday, October 17th. Royal Bank Of Canada lowered their target price on WestJet Airlines from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 2nd. CIBC upped their price target on WestJet Airlines from C$24.00 to C$26.50 in a research report on Wednesday, November 2nd. CSFB lowered their price target on WestJet Airlines from C$27.00 to C$21.00 in a research report on Wednesday, November 2nd. Finally, TD Securities lowered WestJet Airlines from a “buy” rating to a “hold” rating and lowered their price target for the company from C$27.00 to C$26.00 in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$22.83.
Shares of WestJet Airlines (TSE:WJA) opened at 21.62 on Friday. The firm has a market cap of $2.54 billion and a PE ratio of 8.82. WestJet Airlines has a 52 week low of $14.92 and a 52 week high of $24.98. The firm has a 50-day moving average price of $22.86 and a 200-day moving average price of $22.80.
About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based airline company that offers airline services and vacation packages. The Company 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.