WestJet Airlines Ltd. Forecasted to Earn FY2017 Earnings of $2.49 Per Share (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at Cormark dropped their FY2017 earnings per share estimates for shares of WestJet Airlines in a research report issued on Wednesday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $2.49 for the year, down from their prior forecast of $2.67. Cormark also issued estimates for WestJet Airlines’ Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.94 EPS, FY2019 earnings at $3.36 EPS, FY2020 earnings at $3.81 EPS and FY2021 earnings at $4.22 EPS.
Other equities analysts also recently issued research reports about the stock. CIBC raised their price target on shares of WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. Canaccord Genuity raised their price target on shares of WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. Beacon Securities raised shares of WestJet Airlines from a “hold” rating to a “buy” rating and raised their price target for the company from C$22.50 to C$28.50 in a research note on Thursday, July 13th. TD Securities raised their price target on shares of WestJet Airlines from C$29.00 to C$31.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Scotiabank raised their price target on shares of WestJet Airlines from C$28.25 to C$29.50 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$27.09.
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WestJet Airlines (TSE:WJA) opened at C$25.51 on Monday.
In other WestJet Airlines news, insider Gregg Albert Saretsky sold 14,687 shares of WestJet Airlines stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$25.99, for a total value of C$381,715.13.
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.
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