WestJet Airlines (WJA) Price Target Raised to C$31.00 at Royal Bank of Canada
WestJet Airlines (TSE:WJA) had its target price increased by investment analysts at Royal Bank of Canada from C$20.00 to C$31.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 3.33% from the stock’s previous close.
A number of other equities research analysts have also weighed in on WJA. CIBC lowered their price objective on shares of WestJet Airlines from C$21.00 to C$20.00 in a report on Wednesday, May 8th. National Bank Financial upgraded shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$19.50 to C$22.50 in a report on Thursday, April 11th. TD Securities lowered shares of WestJet Airlines from a “hold” rating to a “tender” rating and boosted their price objective for the stock from C$20.00 to C$31.00 in a report on Tuesday. Raymond James lowered their price objective on shares of WestJet Airlines from C$20.25 to C$20.00 and set a “market perform” rating for the company in a report on Thursday, May 9th. Finally, Cormark restated a “market perform” rating and issued a C$21.00 price objective on shares of WestJet Airlines in a report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of C$26.33.
WJA stock traded up C$0.11 during midday trading on Wednesday, reaching C$30.00. The company had a trading volume of 1,753,656 shares, compared to its average volume of 497,052. The company has a debt-to-equity ratio of 86.02, a current ratio of 0.78 and a quick ratio of 0.65. WestJet Airlines has a 1 year low of C$16.71 and a 1 year high of C$30.24. The stock has a market cap of $2.11 billion and a PE ratio of 37.50.
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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