WestJet Airlines (WJA) Price Target Cut to C$20.00

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WestJet Airlines (TSE:WJA) had its target price reduced by Canaccord Genuity from C$22.00 to C$20.00 in a research report report published on Thursday.

WJA has been the subject of several other research reports. JPMorgan Chase & Co. raised their price target on shares of WestJet Airlines from C$17.00 to C$18.00 in a research report on Friday, November 2nd. AltaCorp Capital raised shares of WestJet Airlines from an underperform rating to a sector perform rating in a research report on Wednesday, December 5th. BMO Capital Markets decreased their price target on shares of WestJet Airlines from C$20.00 to C$19.00 and set a market perform rating for the company in a research report on Wednesday, October 31st. National Bank Financial raised their price target on shares of WestJet Airlines from C$17.00 to C$18.50 and gave the company an underperform rating in a research report on Wednesday, October 31st. Finally, Raymond James reissued a market perform rating and issued a C$18.50 price target on shares of WestJet Airlines in a research report on Friday, December 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$20.45.

WJA stock traded down C$0.20 during midday trading on Thursday, hitting C$17.59. The company’s stock had a trading volume of 335,418 shares, compared to its average volume of 266,888. The company has a debt-to-equity ratio of 87.39, a current ratio of 0.78 and a quick ratio of 0.65. WestJet Airlines has a 52-week low of C$16.71 and a 52-week high of C$26.72.

WestJet Airlines (TSE:WJA) last issued its quarterly earnings results on Tuesday, October 30th. The company reported C$0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, analysts anticipate that WestJet Airlines will post 1.33999995691796 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.18%. WestJet Airlines’s dividend payout ratio (DPR) is currently 56.00%.

In other news, Director Colleen Johnston acquired 30,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of C$18.75 per share, with a total value of C$562,500.00.

About WestJet Airlines

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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Analyst Recommendations for WestJet Airlines (TSE:WJA)

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