Raymond James Financial Inc. Raises WestJet Airlines Ltd. (WJA) Price Target to C$24.50
WestJet Airlines Ltd. (TSE:WJA) had its price objective raised by research analysts at Raymond James Financial Inc. from C$24.00 to C$24.50 in a report released on Monday. Raymond James Financial Inc.’s price target suggests a potential upside of 7.03% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. AltaCorp Capital dropped their target price on shares of WestJet Airlines from C$23.00 to C$21.00 in a research report on Thursday, July 21st. National Bank Financial raised their price objective on shares of WestJet Airlines from C$23.00 to C$24.00 in a research report on Tuesday, July 19th. TD Securities raised their price objective on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Canaccord Genuity started coverage on shares of WestJet Airlines in a research report on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$22.82.
WestJet Airlines (TSE:WJA) traded up 0.92% during midday trading on Monday, hitting $23.10. 152,016 shares of the stock were exchanged. WestJet Airlines has a one year low of $14.92 and a one year high of $24.98. The company has a 50 day moving average price of $23.33 and a 200 day moving average price of $22.34. The firm has a market capitalization of $2.77 billion and a price-to-earnings ratio of 9.80.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, September 12th.
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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