Raymond James Financial Inc. Raises WestJet Airlines Ltd. (WJA) Price Target to C$24.50
WestJet Airlines Ltd. (TSE:WJA) had its target price raised by research analysts at Raymond James Financial Inc. from C$24.00 to C$24.50 in a note issued to investors on Monday. Raymond James Financial Inc.’s target price would suggest a potential upside of 7.03% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. National Bank Financial lifted their price target on WestJet Airlines from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 12th. Credit Suisse Group AG reiterated a “neutral” rating and set a C$25.00 price target (up from C$23.10) on shares of WestJet Airlines in a research report on Thursday, September 29th. CSFB reiterated a “neutral” rating on shares of WestJet Airlines in a research report on Thursday, September 29th. Scotiabank set a C$28.00 price objective on WestJet Airlines and gave the company an “outperform” rating in a research report on Monday, September 12th. Finally, TD Securities boosted their price objective on 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$22.82.
Shares of WestJet Airlines (TSE:WJA) traded up 0.87% during mid-day trading on Monday, reaching $23.09. The company had a trading volume of 152,216 shares. The stock’s 50-day moving average price is $23.33 and its 200 day moving average price is $22.34. The company has a market capitalization of $2.77 billion and a PE ratio of 9.80. WestJet Airlines has a 1-year low of $14.92 and a 1-year high of $24.98.
The business 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. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, September 12th.
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.
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