AltaCorp Captial Reaffirms Their Hold Rating on WestJet Airline VV&V

By Austin Angelo

WestJet Airline VV&V (TSX: WJA), the Services sector company, was revisited by a Wall Street analyst today. Analyst Chris Murray from AltaCorp Captial reiterated a Hold rating, with a C$21 price target.

Murray has an average return of 5.9% when recommending WestJet Airline VV&V.

According to TipRanks.com, Murray is ranked #378 out of 4569 analysts.

Currently, the analyst consensus on WestJet Airline VV&V is Hold and the average price target is C$23.71, representing a 3.0% upside.

In a report released today, Canaccord Genuity also reiterated a Hold rating on the stock with a C$23 price target.

Based on WestJet Airline VV&V’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$1.11 billion and quarterly net profit of C$48.31 million. In comparison, last year the company earned revenue of C$1.03 billion and had a net profit of C$87.64 million.

WestJet Airlines Ltd. engages in the provision of passenger air transportation services. It offers scheduled flights, vacation packages, travel insurance, and cargo handling. The company was founded by Clive J. Beddoe, Mark Hill, Thomas W. Morgan, and Donald James Bell in 1996 and is headquartered in Calgary, Canada.

The company’s shares closed last Thursday at $23.01.