WestJet Airlines (WJA) Price Target Raised to C$31.00

WestJet Airlines (TSE:WJA) had its price objective hoisted by Royal Bank of Canada from C$20.00 to C$31.00 in a research note released on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other brokerages also recently commented on WJA. Cowen lifted their target price on shares of WestJet Airlines from C$22.00 to C$31.00 in a report on Tuesday, May 14th. BMO Capital Markets lifted their target price on shares of WestJet Airlines from C$21.00 to C$31.00 in a report on Tuesday, May 14th. Veritas Investment Research downgraded shares of WestJet Airlines from a buy rating to a sell rating and lifted their target price for the stock from C$22.00 to C$31.00 in a report on Tuesday, May 14th. TD Securities downgraded shares of WestJet Airlines from a hold rating to a tender rating and lifted their target price for the stock from C$20.00 to C$31.00 in a report on Tuesday, May 14th. Finally, National Bank Financial downgraded shares of WestJet Airlines from a reduce rating to a tender rating and lifted their target price for the stock from C$22.00 to C$31.00 in a report on Monday, May 13th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and an average price target of C$26.33.

Shares of WJA opened at C$30.10 on Wednesday. The firm has a market capitalization of $3.43 billion and a P/E ratio of 33.48. WestJet Airlines has a one year low of C$16.71 and a one year high of C$30.25. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 127.88.

WestJet Airlines Company Profile

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.

Read More: Sell-Side Analysts

Analyst Recommendations for WestJet Airlines (TSE:WJA)

Receive News & Ratings for WestJet Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines and related companies with MarketBeat.com's FREE daily email newsletter.