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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  WestJet Airlines Ltd.    WJA   CA9604105044

Analysis summary4-Traders Strategies 

The bullish trend is not over

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11/15/2012 | 03:54pm
Opinion : Bullish above CAD 18.6
Target price : CAD 22.3
Stop loss: CAD 15.9

WestJet Airlines Ltd. could reach its CAD 22.3 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.86 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the CAD 22.3 long term resistance.

In consequence, investors can take a long position in WestJet Airlines company with a first target price at CAD 22.3. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at CAD 17.81.

WestJet Airlines Ltd. : The bullish trend is not over

© Zonebourse.com 2012
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Engages in providing airline servicesWestJet 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... 
06/12Ex-dividend day
More about the company
Financials ( CAD)
Sales 2017 4 466 M
EBIT 2017 375 M
Net income 2017 237 M
Debt 2017 1 607 M
Yield 2017 2,49%
P/E ratio 2017 11,60
P/E ratio 2018 9,27
EV / Sales 2017 0,96x
EV / Sales 2018 0,96x
Capitalization 2 664 M
More Financials
Duration : Period : Day
WestJet Airlines Ltd. Technical Analysis Chart | WJA | CA9604105044 | 4-Traders
Duration : Period : Week
WestJet Airlines Ltd. Technical Analysis Chart | WJA | CA9604105044 | 4-Traders
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