WestJet Airlines Ltd. (WJA) Stock Rating Reaffirmed by Credit Suisse Group AG

WestJet Airlines Ltd. (TSE:WJA)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse Group AG in a research note issued to investors on Thursday. They presently have a C$25.00 target price on the stock, up from their previous target price of C$23.10. Credit Suisse Group AG’s price objective would indicate a potential upside of 9.08% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Beacon Securities raised shares of WestJet Airlines from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Scotiabank set a C$28.00 target price on shares of WestJet Airlines and gave the company an “outperform” rating in a research note on Monday, September 12th. Macquarie upgraded shares of WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$21.00 to C$26.00 in a research note on Friday, July 22nd. Canaccord Genuity assumed coverage on shares of WestJet Airlines in a research note on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 target price for the company. Finally, National Bank Financial raised their target price on shares of WestJet Airlines from C$23.00 to C$24.00 in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$22.52.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

Shares of WestJet Airlines (TSE:WJA) opened at 22.92 on Thursday. WestJet Airlines has a 1-year low of $14.92 and a 1-year high of $24.98. The stock has a 50 day moving average price of $23.90 and a 200 day moving average price of $22.18. The stock has a market capitalization of $2.75 billion and a price-to-earnings ratio of 9.72.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.44%.

WestJet Airlines Company Profile

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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