WestJet Airlines Ltd. (TSE:WJA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$30.19 and last traded at C$30.18, with a volume of 656691 shares changing hands. The stock had previously closed at C$30.10.

WJA has been the topic of several recent analyst reports. Morgan Stanley reiterated an “underweight” rating and issued a C$18.00 price target on shares of WestJet Airlines in a research note on Friday, April 5th. National Bank Financial upgraded WestJet Airlines from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$19.50 to C$22.50 in a research note on Thursday, April 11th. CIBC lifted their price target on WestJet Airlines from C$20.00 to C$22.00 in a research note on Wednesday, February 6th. TD Securities lifted their price target on WestJet Airlines from C$22.00 to C$24.00 and gave the company a “hold” rating in a research note on Wednesday, February 6th. Finally, Cormark reiterated a “market perform” rating and issued a C$21.00 price target on shares of WestJet Airlines in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. WestJet Airlines has an average rating of “Hold” and a consensus price target of C$26.33.

The firm has a market capitalization of $3.43 billion and a PE ratio of 33.57. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 127.88.

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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; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.

Further Reading: How can you know how many shares are floating?

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