WestJet Airlines Rating Increased to Outperform at BMO Capital Markets (WJA)
WestJet Airlines (TSE:WJA) was upgraded by equities research analysts at BMO Capital Markets to an “outperform” rating in a research note issued to investors on Monday. The firm currently has a C$31.00 price objective on the stock, up from their previous price objective of C$28.00. BMO Capital Markets’ price objective would suggest a potential upside of 14.86% from the stock’s previous close.
Shares of WestJet Airlines (TSE:WJA) opened at 26.99 on Monday. WestJet Airlines has a 52-week low of $19.65 and a 52-week high of $28.99. The stock has a 50-day moving average of $25.21 and a 200-day moving average of $25.46. The company has a market cap of $3.447 billion and a price-to-earnings ratio of 13.13.
WestJet Airlines (TSE:WJA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.05. On average, analysts predict that WestJet Airlines will post $2.00 earnings per share for the current fiscal year.
A number of other firms have also recently commented on WJA. Analysts at National Bank Financial raised their price target on shares of WestJet Airlines from C$27.00 to C$29.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James upgraded shares of WestJet Airlines to an “outperform” rating in a research note on Thursday, May 22nd. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of WestJet Airlines in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$31.04.
WestJet Airlines Ltd. (TSE:WJA) provides airline service and travel packages with scheduled service to more than 85 destinations in North America, Central America and the Caribbean, and has partnership agreements with over 30 airlines around the world.
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