Raymond James Financial Inc. Raises WestJet Airlines Ltd. (WJA) Price Target to C$24.50

WestJet Airlines Ltd. (TSE:WJA) had its price objective upped by Raymond James Financial Inc. from C$24.00 to C$24.50 in a research note issued to investors on Monday. Raymond James Financial Inc.’s target price would indicate a potential upside of 7.03% from the stock’s current price.

Several other analysts have also recently commented on the company. Beacon Securities raised WestJet Airlines from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Scotiabank set a C$28.00 price objective on WestJet Airlines and gave the company an “outperform” rating in a research note on Monday, September 12th. National Bank Financial raised their price objective on WestJet Airlines from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 12th. Macquarie raised WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$21.00 to C$26.00 in a research note on Friday, July 22nd. Finally, Canaccord Genuity started coverage on WestJet Airlines in a research note on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$22.82.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

Shares of WestJet Airlines (TSE:WJA) traded up 0.87% during trading on Monday, hitting $23.09. The stock had a trading volume of 152,216 shares. The stock’s 50 day moving average is $23.33 and its 200-day moving average is $22.34. WestJet Airlines has a 12-month low of $14.92 and a 12-month high of $24.98. The company has a market cap of $2.77 billion and a PE ratio of 9.80.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, September 12th.

About WestJet Airlines

WestJet Airlines Ltd. is a Canada-based airline company that offers airline services and vacation packages. The Company operates WestJet Vacations, which provide 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 over one destination in the United States.

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