RBC Capital Reiterates Their Hold Rating on WestJet Airline VV&V

By Ryan Adsit

WestJet Airline VV&V (TSX: WJA), the Services sector company, was revisited by a Wall Street analyst on September 14. The company received a Hold on September 14 from RBC Capital’s analyst Walter Spracklin, with a C$28 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 16.1% and a 73.2% success rate. Spracklin covers the Services sector, focusing on stocks such as Kansas City Southern, Union Pacific Corp, and Genesee & Wyoming.

Currently, the analyst consensus on WestJet Airline VV&V is Hold and the average price target is C$26.63, representing a -1.5% downside.

In a report issued on September 5, Cowen & Co. also reiterated a Hold rating on the stock with a C$27 price target.

WestJet Airline VV&V’s market cap is currently C$3.03B and has a P/E ratio of 11.5.

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 on Friday at C$27.04.