National Bank Financial Increases WestJet Airlines Ltd. (WJA) Price Target to C$26.00
WestJet Airlines Ltd. (TSE:WJA) had its price target increased by analysts at National Bank Financial from C$25.00 to C$26.00 in a research report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 15.97% from the stock’s previous close.
Several other analysts also recently commented on WJA. Canaccord Genuity started coverage on shares of WestJet Airlines in a report on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 target price for the company. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating in a report on Monday, July 11th. AltaCorp Capital decreased their price objective on shares of WestJet Airlines from C$23.00 to C$21.00 in a report on Thursday, July 21st. Macquarie upgraded shares of WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$26.00 in a report on Friday, July 22nd. Finally, Raymond James Financial Inc. raised their price objective on shares of WestJet Airlines from C$20.50 to C$22.25 in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$22.66.
WestJet Airlines (TSE:WJA) traded up 0.85% during mid-day trading on Wednesday, reaching $22.61. 59,575 shares of the company’s stock were exchanged. The company has a 50-day moving average of $23.46 and a 200-day moving average of $22.32. WestJet Airlines has a 52-week low of $14.67 and a 52-week high of $25.45. The stock has a market cap of $2.71 billion and a price-to-earnings ratio of 9.59.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/national-bank-financial-increases-westjet-airlines-ltd-wja-price-target-to-c26-00.html
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were given a $0.14 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.50%.
About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based airline company that offers airline services and vacation packages. The Company operates WestJet Vacations, which provide air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and over one destination in the United States.
Receive News & Ratings for WestJet Airlines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.