Trading Report: The National Bank Financial Increases WestJet Airlines Ltd. (WJA) Price Target to C$26.00

The National Bank Financial Increases WestJet Airlines Ltd. (WJA) Price Target to C$26.00

WestJet Airlines Ltd. (TSE:WJA) had its price target increased by analysts at National Bank Financial from C$25.00 to C$26.00 in a research report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 15.97% from the stock’s previous close.

Several other analysts also recently commented on WJA. Canaccord Genuity started coverage on shares of WestJet Airlines in a report on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 target price for the company. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating in a report on Monday, July 11th. AltaCorp Capital decreased their price objective on shares of WestJet Airlines from C$23.00 to C$21.00 in a report on Thursday, July 21st. Macquarie upgraded shares of WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$26.00 in a report on Friday, July 22nd. Finally, Raymond James Financial Inc. raised their price objective on shares of WestJet Airlines from C$20.50 to C$22.25 in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$22.66.

WestJet Airlines (TSE:WJA) traded up 0.85% during mid-day trading on Wednesday, reaching $22.61. 59,575 shares of the company’s stock were exchanged. The company has a 50-day moving average of $23.46 and a 200-day moving average of $22.32. WestJet Airlines has a 52-week low of $14.67 and a 52-week high of $25.45. The stock has a market cap of $2.71 billion and a price-to-earnings ratio of 9.59.

The company 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. The ex-dividend date was Monday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.50%.

About WestJet Airlines

Related posts

Leave a Comment