WestJet Airlines (WJA) Stock Rating Upgraded by Raymond James Financial
Raymond James Financial upgraded shares of WestJet Airlines (TSE:WJA) from a market perform rating to an outperform rating in a research report report published on Friday. Raymond James Financial currently has C$31.00 price target on the stock, up from their prior price target of C$28.00.
Several other brokerages have also recently weighed in on WJA. Scotiabank raised their price target on shares of WestJet Airlines from C$28.25 to C$29.50 and gave the company an outperform rating in a research report on Wednesday, November 1st. CIBC raised their price target on shares of WestJet Airlines from C$29.00 to C$30.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a C$27.00 price target on shares of WestJet Airlines in a research report on Monday, November 13th. Canaccord Genuity raised their price target on shares of WestJet Airlines from C$27.50 to C$28.00 in a research report on Thursday, October 12th. Finally, Royal Bank of Canada raised 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 report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. WestJet Airlines presently has a consensus rating of Hold and an average price target of C$28.29.
Shares of WestJet Airlines (TSE:WJA) traded up C$0.68 on Friday, hitting C$25.34. The stock had a trading volume of 440,700 shares, compared to its average volume of 308,060. The firm has a market cap of $2,920.00, a P/E ratio of 10.26 and a beta of 0.76. WestJet Airlines has a 12 month low of C$21.03 and a 12 month high of C$28.00.
In other news, Director Karen Sheriff bought 4,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of C$25.55 per share, with a total value of C$102,200.00.
About WestJet Airlines
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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