JPMorgan Chase & Co. cut shares of WestJet Airlines (TSE:WJA) from a neutral rating to an underweight rating in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has C$31.00 target price on the stock, up from their prior target price of C$20.00.
Several other analysts have also issued reports on WJA. BMO Capital Markets upped their price target on shares of WestJet Airlines from C$21.00 to C$31.00 in a research report on Tuesday, May 14th. TD Securities lowered shares of WestJet Airlines from a hold rating to a tender rating and upped their price target for the stock from C$20.00 to C$31.00 in a research report on Tuesday, May 14th. Cowen increased their price objective on shares of WestJet Airlines from C$22.00 to C$31.00 in a research report on Tuesday, May 14th. Royal Bank of Canada increased their price objective on shares of WestJet Airlines from C$20.00 to C$31.00 and gave the company a sector perform rating in a research report on Wednesday. Finally, CIBC dropped their price objective on shares of WestJet Airlines from C$21.00 to C$20.00 in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. WestJet Airlines currently has a consensus rating of Hold and an average price target of C$26.33.
TSE WJA opened at C$30.10 on Wednesday. The company has a debt-to-equity ratio of 127.88, a quick ratio of 0.63 and a current ratio of 0.74. WestJet Airlines has a 1 year low of C$16.71 and a 1 year high of C$30.25. The firm has a market cap of $3.43 billion and a price-to-earnings ratio of 33.48.
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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