The stock of WestJet Airlines Ltd. (TSE:WJA) is a huge mover today! The stock increased 0.30% or $0.07 on September 13, hitting $23.7. About 95,554 shares traded hands. WestJet Airlines Ltd. (TSE:WJA) has risen 45.06% since February 5, 2016 and is uptrending. It has outperformed by 28.57% the S&P500.
The move comes after 6 months positive chart setup for the $2.80B company. It was reported on Sep, 14 by Barchart.com. We have $32.00 PT which if reached, will make TSE:WJA worth $980.00 million more.
Out of 8 analysts covering Westjet Airlines Ltd. (TSE:WJA), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. $32 is the highest target while $17.50 is the lowest. The $23.81 average target is 0.46% above today’s ($23.7) stock price. Westjet Airlines Ltd. has been the topic of 17 analyst reports since November 4, 2015 according to StockzIntelligence Inc. Macquarie Research upgraded the stock on July 22 to “Outperform” rating. Bank of America downgraded the shares of WJA in a report on January 29 to “Underperform” rating.
WestJet Airlines Ltd. is a Canada-based airline firm that offers airline services and vacation packages. The company has a market cap of $2.80 billion. The Firm 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. It has a 10.11 P/E ratio. The Company’s airline offers scheduled service to over 100 destinations in North America, Central America, the Caribbean and Europe with its fleet of approximately 110 Boeing 737 Next Generation aircraft, over 20 Bombardier Q400 aircraft and approximately two wide-body Boeing 767-300ERW aircraft.
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