AltaCorp Captial Reiterates a Sell Rating on WestJet Airlines Ltd

By Ryan Adsit

Yesterday, an analyst has provided a rating update for the Services sector company, WestJet Airlines Ltd (TSX: WJA). Analyst Chris Murray from AltaCorp Captial remains bearish on the stock and has a C$17.50 price target.

Murray has an average return of 1.9% when recommending WestJet Airlines Ltd.

According to TipRanks.com, Murray is ranked #370 out of 4836 analysts.

Read also: Another Wall Street Analyst Just Dumped Helios and Matheson (HMNY)

WestJet Airlines Ltd has an analyst consensus of Hold, with a price target consensus of C$19.38.

Based on WestJet Airlines Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$37.2 million. In comparison, last year the company had a net profit of C$48.37 million.

WestJet Airlines Ltd. engages in the provision of passenger air transportation services. It offers scheduled flights, vacation packages, travel insurance, and cargo handling. WestJet Airlines 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 Tuesday at C$18.32, close to its 52-week low of C$16.82.