WestJet Airlines (WJA) Sets New 52-Week High Following Analyst Upgrade
WestJet Airlines Ltd. (TSE:WJA)’s share price hit a new 52-week high during trading on Wednesday after Royal Bank of Canada raised their price target on the stock from C$20.00 to C$31.00. Royal Bank of Canada currently has a sector perform rating on the stock. WestJet Airlines traded as high as C$30.25 and last traded at C$30.25, with a volume of 2068882 shares trading hands. The stock had previously closed at C$29.89.
Several other equities analysts also recently commented on WJA. TD Securities upped their price objective on shares of WestJet Airlines from C$22.00 to C$24.00 and gave the company a “hold” rating in a research note on Wednesday, February 6th. National Bank Financial boosted their price target on shares of WestJet Airlines from C$17.50 to C$19.50 and gave the company an “underperform” rating in a research report on Wednesday, February 6th. CIBC boosted their price target on shares of WestJet Airlines from C$20.00 to C$22.00 in a research report on Wednesday, February 6th. Raymond James reiterated a “market perform” rating and set a C$20.25 price target on shares of WestJet Airlines in a research report on Wednesday, February 6th. Finally, Cormark reiterated a “market perform” rating and set a C$21.00 price target on shares of WestJet Airlines in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of C$26.33.
The firm has a market capitalization of $2.11 billion and a price-to-earnings ratio of 33.65. The company has a debt-to-equity ratio of 127.88, a quick ratio of 0.63 and a current ratio of 0.74.
About WestJet Airlines (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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