Westjet Airlines (WJA-T) Stock Predictions - Stockchase
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Westjet Airlines (WJA-T)

ON STOCKCHASE SINCE Jan 2001

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Westjet Airlines Westjet Airlines
WJA-T

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Westjet Airlines (WJA-T) SAVE

18.55

0.28 (1.49%)

Oct, 19, 2018, 12:00 am

OPINIONS

About Westjet Airlines (WJA-T)

WestJet Airlines Ltd. is a Canadian low-cost airline founded in 1996. It began as a low-cost alternative to the country's competing major airlines. More at Wikipedia

What the experts are saying about WJA-T



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Signal Opinion Expert
DON'T BUY
Westjet Airlines(WJA-T) 

September 25, 2018

In the past, he has favoured WestJet because its management is disciplined, they operated a single type of plane, they had happy non-unionized employees, and they focused on the Canadian market. But then they decided they wanted to be Air Canada. They operate several types and sizes of planes on more routes--if he had to invest in an airline now, it probably would NOT be Westjet. They were the Southwest of Canada but they have destroyed what they had, WestJet’s share price has been drifting sideways while Air Canada’s has been rising. He asserted that WestJet’s problems are all self-inflicted.

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In the past, he has favoured WestJet because its management is disciplined, they operated a single type of plane, they had happy non-unionized employees, and they focused on the Canadian market. But then they decided they wanted to be Air Canada. They operate several types and sizes of planes on more routes--if he had to invest in an airline now, it probably would NOT be Westjet. They were the Southwest of Canada but they have destroyed what they had, WestJet’s share price has been drifting sideways while Air Canada’s has been rising. He asserted that WestJet’s problems are all self-inflicted.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$20.110
Owned Owned
No

DON'T BUY
Westjet Airlines(WJA-T) 

September 10, 2018

He is more of an AC-T fan.  WJA-T has been a success story also.  There are mistakes you make when you get too big.  They launched an ultra low carrier.  Canada cannot support more than two airlines.  He likes the airline industry.  WJA-T's numbers have been fine.

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He is more of an AC-T fan.  WJA-T has been a success story also.  There are mistakes you make when you get too big.  They launched an ultra low carrier.  Canada cannot support more than two airlines.  He likes the airline industry.  WJA-T's numbers have been fine.

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Gerard Ferguson

CEO & Port, Jemekk Capital Manag...

Price Price
$19.340
Owned Owned
No

DON'T BUY
Westjet Airlines(WJA-T) 

August 28, 2018

He is short WestJet and has been long Air Canada against it. That is still the trade he would favour. WestJet built out too much capacity. There is no compelling reason to own it. Tax loss season is coming and companies that have underperformed, like WestJet, will stay under pressure.

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He is short WestJet and has been long Air Canada against it. That is still the trade he would favour. WestJet built out too much capacity. There is no compelling reason to own it. Tax loss season is coming and companies that have underperformed, like WestJet, will stay under pressure.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$18.790
Owned Owned
No

WATCH
Westjet Airlines(WJA-T) 

August 9, 2018

It has come down a lot.  Airlines find it so difficult to make money.  Their capacity and load rates are good but fuel costs eat into profits.  At some point the bottom will come in.  He is not sure what the turnaround story is going to be.  You could look at it if you are a value investor.

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It has come down a lot.  Airlines find it so difficult to make money.  Their capacity and load rates are good but fuel costs eat into profits.  At some point the bottom will come in.  He is not sure what the turnaround story is going to be.  You could look at it if you are a value investor.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$17.250
Owned Owned
No

HOLD
Westjet Airlines(WJA-T) 

August 7, 2018

Good entry point, dividend safe? Last quarter OK. Problem is pilot unionization. Fuel price has gone up. Stock’s gone down because hasn’t had a knockout quarter. Never owns airlines because no consistently growing cash flow. Dividend is safe.

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Good entry point, dividend safe? Last quarter OK. Problem is pilot unionization. Fuel price has gone up. Stock’s gone down because hasn’t had a knockout quarter. Never owns airlines because no consistently growing cash flow. Dividend is safe.

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David Driscoll

President , Liberty Internationa...

Price Price
$17.370
Owned Owned
No

PARTIAL BUY
Westjet Airlines(WJA-T) 

July 17, 2018

The stock has been going down. It is approaching a critical level according to Model Price theory: EBB-1 level is $17.80. His Model Price is $26.64, which is almost a 50% upside. However, if the stock drops below EBB-1, it could drop to EBB-2, which is $15. He would take a half-position at this level, but if it goes lower, he would sell and buy closer to $14.82. The market is concerned about recent news, such as the unionizing of its staff. However, a positive catalyst in the news could boost the stock an easy 25%. Making money on this stock might require trading around the levels rather than buying and holding.

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The stock has been going down. It is approaching a critical level according to Model Price theory: EBB-1 level is $17.80. His Model Price is $26.64, which is almost a 50% upside. However, if the stock drops below EBB-1, it could drop to EBB-2, which is $15. He would take a half-position at this level, but if it goes lower, he would sell and buy closer to $14.82. The market is concerned about recent news, such as the unionizing of its staff. However, a positive catalyst in the news could boost the stock an easy 25%. Making money on this stock might require trading around the levels rather than buying and holding.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$18.130
Owned Owned
Unknown

PARTIAL BUY
Westjet Airlines(WJA-T) 

June 26, 2018

His model price is $27.69, 46% higher than the current price, but the stock’s technicals are giving a sell signal and the earnings estimates have been crashing. Since 2010, the stock has hit this level three times and done fantastically after that. He would buy a little bit here but would not buy more until the stock gives a positive buy signal. If it drops much further, he would sell. If oil prices drop, WestJet will do very well.

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His model price is $27.69, 46% higher than the current price, but the stock’s technicals are giving a sell signal and the earnings estimates have been crashing. Since 2010, the stock has hit this level three times and done fantastically after that. He would buy a little bit here but would not buy more until the stock gives a positive buy signal. If it drops much further, he would sell. If oil prices drop, WestJet will do very well.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$18.230
Owned Owned
No

BUY
Westjet Airlines(WJA-T) 

June 20, 2018

Airlines are now profitable and generate decent cash flow. He prefers Air Canada, but Westjet's headwinds are behind them and the recovery in western Canada is a tailwind. Fair valuation. A decent time to enter this. 

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Airlines are now profitable and generate decent cash flow. He prefers Air Canada, but Westjet's headwinds are behind them and the recovery in western Canada is a tailwind. Fair valuation. A decent time to enter this. 

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$19.780
Owned Owned
No

WATCH
Westjet Airlines(WJA-T) 

June 18, 2018

His long term view is very negative on the airline industry.  This industry has had the highest level of bankruptcies.  It is not a great industry to invest in but you could trade it.  He is a trader of airlines.  They did better recently by adjusting for energy prices, but he does not see a bottom in the industry.

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His long term view is very negative on the airline industry.  This industry has had the highest level of bankruptcies.  It is not a great industry to invest in but you could trade it.  He is a trader of airlines.  They did better recently by adjusting for energy prices, but he does not see a bottom in the industry.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.320
Owned Owned
Unknown

HOLD
Westjet Airlines(WJA-T) 

June 13, 2018

The airline business is very competitive.  Route expansions and higher oil prices are creating headwinds.  He would not recommend buying more right now.  They are well managed.  It may not be a bad time to enter, but the space is difficult to make this a long term hold. 

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The airline business is very competitive.  Route expansions and higher oil prices are creating headwinds.  He would not recommend buying more right now.  They are well managed.  It may not be a bad time to enter, but the space is difficult to make this a long term hold. 

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$18.850
Owned Owned
No

DON'T BUY

He owns no airlines. Westjet is resolving its pilot strike. For the last decade, a lot of traffic was going to Alberta during the oil boom. That's passed. If you buy a Canadian airline, Air Canada is better--cash flow is kicking in. U.S. airlines
are slightly better than Canadian ones, too.

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He owns no airlines. Westjet is resolving its pilot strike. For the last decade, a lot of traffic was going to Alberta during the oil boom. That's passed. If you buy a Canadian airline, Air Canada is better--cash flow is kicking in. U.S. airlines
are slightly better than Canadian ones, too.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$20.030
Owned Owned
No

DON'T BUY

It's a well-run company and its stock has had a good run. But over the years lumbering Air Canada has caught up to Westjet which has lost its competitive advantage. AC will do better than Westjet going foward. (He owns AC.) 

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It's a well-run company and its stock has had a good run. But over the years lumbering Air Canada has caught up to Westjet which has lost its competitive advantage. AC will do better than Westjet going foward. (He owns AC.) 

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$20.180
Owned Owned
No

COMMENT

They're under strike now and bookings are down. Now is probably a good entry point. But he doesn't like airlines. Oil is a big cost, followed by labour. It's a difficult business. There's probably a 5-10% relief rally when they settle this
strike.

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They're under strike now and bookings are down. Now is probably a good entry point. But he doesn't like airlines. Oil is a big cost, followed by labour. It's a difficult business. There's probably a 5-10% relief rally when they settle this
strike.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$20.370
Owned Owned
Unknown

SELL

Airlines, autos are the kind of stocks he trades on a short leash. A drop in big volume that the one they just had is never good. Going to have some headline problems in the short term.

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Airlines, autos are the kind of stocks he trades on a short leash. A drop in big volume that the one they just had is never good. Going to have some headline problems in the short term.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$19.590
Owned Owned
No

DON'T BUY

The stock has taken a hit over fuel prices, competition from discount carriers and issues with staff. It's starting to look a little more attractive. It's is in a boom-bust industry, and now airlines are booming. But for how long? He can't get excited over this stock. Still too expensive for him.

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The stock has taken a hit over fuel prices, competition from discount carriers and issues with staff. It's starting to look a little more attractive. It's is in a boom-bust industry, and now airlines are booming. But for how long? He can't get excited over this stock. Still too expensive for him.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$22.100
Owned Owned
No

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