WestJet Airlines (TSE:WJA) Stock Crosses Above 200 Day Moving Average of $0.00
WestJet Airlines Ltd. (TSE:WJA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $30.74. WestJet Airlines shares last traded at $30.71, with a volume of 266,786 shares trading hands.
WJA has been the subject of several recent research reports. TD Securities cut shares of WestJet Airlines from a “hold” rating to a “tender” rating and raised their target price for the stock from C$20.00 to C$31.00 in a report on Tuesday, May 14th. Cowen raised their target price on shares of WestJet Airlines from C$22.00 to C$31.00 in a report on Tuesday, May 14th. Royal Bank of Canada raised their target price on shares of WestJet Airlines from C$20.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. cut shares of WestJet Airlines from a “neutral” rating to an “underweight” rating and raised their target price for the stock from C$20.00 to C$31.00 in a report on Wednesday, May 15th. Finally, Veritas Investment Research cut shares of WestJet Airlines from a “buy” rating to a “sell” rating and raised their target price for the stock from C$22.00 to C$31.00 in a report on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$26.33.
The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 122.46. The business’s fifty day simple moving average is C$30.71. The stock has a market capitalization of $3.55 billion and a P/E ratio of 21.59.
WestJet Airlines Company Profile (TSE:WJA)
WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.
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