Canaccord Genuity Remains a Hold on WestJet Airlines Ltd (WJA)

The Services sector company, WestJet Airlines Ltd (WJAResearch Report), has received a rating update from a Wall Street analyst on May 13. The company received a Hold on May 13 from Canaccord Genuity’s analyst Doug Taylor, with a C$31 price target.

According to TipRanks.com, Taylor is ranked #905 out of 5183 analysts.

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The word on The Street in general, suggests a Hold analyst consensus rating for WestJet Airlines Ltd with a C$27.71 average price target, representing a -8.4% downside. In a report issued on May 9, Raymond James also maintained a Hold rating on the stock with a C$20 price target.

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Based on WestJet Airlines Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$45.62 million. In comparison, last year the company had a net profit of C$37.2 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 Wednesday at C$30.25, equals to its 52-week high of C$30.25.

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