WestJet Airlines Ltd. (WJA) Stock Price Down 4.3% After Analyst Downgrade

WestJet Airlines Ltd. (TSE:WJA)’s share price was down 4.3% during mid-day trading on Wednesday after TD Securities lowered their price target on the stock from C$31.00 to C$30.00. TD Securities currently has a hold rating on the stock. WestJet Airlines traded as low as C$24.84 and last traded at C$25.79. Approximately 876,101 shares changed hands during trading, an increase of 126% from the average daily volume of 387,476 shares. The stock had previously closed at C$26.96.

WJA has been the subject of a number of other reports. Macquarie downgraded WestJet Airlines from a “neutral” rating to an “underperform” rating and cut their target price for the stock from C$25.00 to C$24.00 in a research note on Monday, July 17th. CIBC increased their target price on WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. AltaCorp Capital downgraded WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 2nd. Canaccord Genuity increased their target price on WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. Finally, National Bank Financial raised WestJet Airlines from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from C$21.50 to C$27.00 in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$26.58.

In other WestJet Airlines news, insider Marshall Wilmot sold 3,368 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of C$25.33, for a total transaction of C$85,311.44. Also, insider Gregg Albert Saretsky sold 14,687 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total value of C$381,715.13. Insiders sold a total of 18,355 shares of company stock valued at $474,818 over the last ninety days.

TRADEMARK VIOLATION WARNING: “WestJet Airlines Ltd. (WJA) Stock Price Down 4.3% After Analyst Downgrade” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/01/westjet-airlines-ltd-wja-stock-price-down-4-3-after-analyst-downgrade.html.

WestJet Airlines Company Profile

WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides 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 the United States.

Receive News & Ratings for WestJet Airlines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply