05:41:30 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



WestJet Airlines Ltd
Symbol WJA
Shares Issued 117,053,533
Close 2017-08-02 C$ 25.29
Market Cap C$ 2,960,283,850
Recent Sedar Documents

Globe says WestJet kept at "hold" and "market perform"

2017-08-03 07:19 ET - In the News

The Globe and Mail reports in its Thursday, Aug. 3, edition that Canaccord Genuity analyst Doug Taylor kept a "hold" rating and $27.50 target for WestJet Airlines ($25.29). The Globe's David Leeder writes in the Eye On Equities column that Mr. Taylor says in a note: "Q2 results were strong and on balance we saw the guidance metrics for Q3 and updated 2017 guidance as supportive of WestJet playing a little catch-up with the rest of the industry after recent underperformance. While that trend could continue in the near term, we continue to have concerns about WestJet's model in the medium to long term given its multi-faceted expansion plans in the midst of what appears to be spreading labour unrest. As a result, we continue to recommend a 'neutral' stance on the name." Elsewhere, BMO Nesbitt Burns analyst Fadi Chamoun raised his WestJet target to $27 from $26 with a "market perform" rating. He says in a note, "The key takeaway from the results is the stronger underlying demand environment that is underpinning improvement in the profitability (margins and ROIC) of the company's existing franchise, which in turn is an important source of capital, supporting the company's medium-term wide-body expansion plans."

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