WestJet Airlines Ltd. (WJA) PT Raised to C$26.00
WestJet Airlines Ltd. (TSE:WJA) had its price objective lifted by equities research analysts at National Bank Financial from C$25.00 to C$26.00 in a note issued to investors on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 15.97% from the stock’s current price.
A number of other research analysts also recently issued reports on WJA. Credit Suisse Group AG reiterated a “neutral” rating and issued a C$25.00 price target (up from C$23.10) on shares of WestJet Airlines in a report on Thursday, September 29th. CSFB reiterated a “neutral” rating on shares of WestJet Airlines in a report on Thursday, September 29th. Scotiabank set a C$28.00 price target on WestJet Airlines and gave the company an “outperform” rating in a report on Monday, September 12th. TD Securities lifted their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, Raymond James Financial Inc. lifted their price target on WestJet Airlines from C$20.50 to C$22.25 in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$22.66.
Shares of WestJet Airlines (TSE:WJA) traded up 0.76% on Wednesday, hitting $22.59. The stock had a trading volume of 79,949 shares. The company has a market cap of $2.71 billion and a P/E ratio of 9.58. WestJet Airlines has a 12 month low of $14.67 and a 12 month high of $25.45. The company’s 50 day moving average price is $23.46 and its 200-day moving average price is $22.32.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.56 annualized dividend and a yield of 2.50%.
WestJet Airlines Company Profile
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.
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