WestJet Airlines (TSE:WJA) was downgraded by equities researchers at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday. They presently have a C$25.00 target price on the stock, down from their previous target price of C$31.00. Raymond James Financial’s target price points to a potential upside of 2.84% from the stock’s previous close.
Several other brokerages also recently commented on WJA. JPMorgan Chase & Co. upped their target price on WestJet Airlines from C$27.00 to C$30.00 in a report on Friday, December 8th. Royal Bank of Canada upped their target price on 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. Scotiabank upped their target price on WestJet Airlines from C$29.50 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, December 7th. CIBC upped their target price on WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. Finally, National Bank Financial upped their target price on WestJet Airlines from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$27.95.
Shares of WestJet Airlines (TSE WJA) opened at C$24.31 on Friday. WestJet Airlines has a fifty-two week low of C$21.54 and a fifty-two week high of C$28.00. The company has a market capitalization of $2,770.00, a price-to-earnings ratio of 10.05 and a beta of 0.54.
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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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