WestJet Airlines (WJA) Hits New 52-Week High After Analyst Upgrade

WestJet Airlines Ltd. (TSE:WJA) hit a new 52-week high during mid-day trading on Wednesday after CIBC raised their price target on the stock from C$20.00 to C$22.00. The company traded as high as C$21.57 and last traded at C$21.55, with a volume of 344766 shares changing hands. The stock had previously closed at C$20.94.

Other equities research analysts have also issued research reports about the stock. TD Securities upped their target price on shares of WestJet Airlines from C$22.00 to C$24.00 and gave the company a “hold” rating in a research note on Wednesday. National Bank Financial upped their target price on shares of WestJet Airlines from C$17.50 to C$19.50 and gave the company an “underperform” rating in a research note on Wednesday. Canaccord Genuity upped their target price on shares of WestJet Airlines from C$20.00 to C$21.00 in a research note on Wednesday, December 5th. BMO Capital Markets cut their target price on shares of WestJet Airlines from C$20.00 to C$19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of WestJet Airlines from C$18.00 to C$20.50 in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. WestJet Airlines currently has an average rating of “Hold” and an average target price of C$21.61.

The company has a market capitalization of $2.38 billion and a price-to-earnings ratio of 21.80. The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 87.39.

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WestJet Airlines Company Profile (TSE:WJA)

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, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States.

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