WestJet Airlines Price Target Increased to C$35.00 by Analysts at BMO Capital Markets (WJA)
Analysts at BMO Capital Markets raised their price objective on shares of WestJet Airlines (TSE:WJA) from C$33.00 to C$35.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 16.86% from the stock’s previous close.
WestJet Airlines (TSE:WJA) traded down 1.55% on Thursday, hitting $29.95. The stock had a trading volume of 280,155 shares. WestJet Airlines has a 52 week low of $22.58 and a 52 week high of $30.92. The stock’s 50-day moving average is $28.46 and its 200-day moving average is $25.9. The company has a market cap of $3.823 billion and a price-to-earnings ratio of 14.35.
WestJet Airlines (TSE:WJA) last announced its earnings results on Wednesday, July 30th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.12. On average, analysts predict that WestJet Airlines will post $2.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.60%.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of WestJet Airlines from C$35.00 to C$38.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of WestJet Airlines from C$31.00 to C$33.00 in a research note on Wednesday, July 30th. They now have a “focus stock” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of WestJet Airlines from C$28.00 to C$30.00 in a research note on Wednesday, July 30th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. WestJet Airlines has a consensus rating of “Buy” and an average price target of C$32.83.
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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