WestJet Airlines (WJA) Price Target Raised to C$30.00
WestJet Airlines (TSE:WJA) had its target price lifted by equities researchers at National Bank Financial from C$29.00 to C$30.00 in a research report issued to clients and investors on Monday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 19.28% from the company’s current price. National Bank Financial also issued estimates for WestJet Airlines’ Q4 2017 earnings at $0.40 EPS and FY2019 earnings at $3.25 EPS.
Several other equities analysts have also commented on the stock. Scotiabank increased their price target on shares of WestJet Airlines from C$29.50 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. increased their price target on shares of WestJet Airlines from C$27.00 to C$30.00 in a research note on Friday, December 8th. CIBC increased their price target on shares of WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. Beacon Securities lowered shares of WestJet Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada increased their price target on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$28.38.
Shares of WestJet Airlines (WJA) opened at C$25.15 on Monday. WestJet Airlines has a one year low of C$21.03 and a one year high of C$28.00. The firm has a market cap of $2,900.00, a P/E ratio of 10.18 and a beta of 0.76.
In other news, Director Karen Sheriff acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of C$25.55 per share, with a total value of C$102,200.00.
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WestJet Airlines Company Profile
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides 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 the United States.
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