WestJet Airlines (TSE:WJA) was upgraded by analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, January 12th. The firm presently has a C$31.00 price objective on the stock, up from their previous price objective of C$28.00. Raymond James Financial’s price objective would indicate a potential upside of 25.66% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Scotiabank boosted their price target on shares of WestJet Airlines from C$29.50 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. boosted their price target on shares of WestJet Airlines from C$27.00 to C$30.00 in a report on Friday, December 8th. CIBC upped their price objective on shares of WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. Beacon Securities downgraded shares of WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Royal Bank of Canada upped their price objective on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a 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 given a buy rating to the stock. WestJet Airlines currently has an average rating of “Hold” and an average target price of C$28.38.
WestJet Airlines (WJA) opened at C$24.67 on Friday. The stock has a market cap of $2,810.00, a price-to-earnings ratio of 9.99 and a beta of 0.62. WestJet Airlines has a fifty-two week low of C$21.03 and a fifty-two week high of C$28.00.
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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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