WestJet Airlines (WJA) PT Lowered to C$28.00

WestJet Airlines (TSE:WJA) had its price objective decreased by Scotiabank from C$30.00 to C$28.00 in a report published on Friday morning. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on WJA. JPMorgan Chase & Co. reaffirmed a neutral rating and set a C$27.00 price target on shares of WestJet Airlines in a report on Monday, November 13th. Royal Bank of Canada raised their price target 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. CIBC raised their price target on WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. Raymond James Financial raised WestJet Airlines from a market perform rating to an outperform rating and raised their price target for the company from C$28.00 to C$31.00 in a report on Friday, January 12th. Finally, National Bank Financial raised their price target 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 given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of C$27.95.

Shares of WestJet Airlines (TSE:WJA) opened at C$24.31 on Friday. WestJet Airlines has a twelve month low of C$21.54 and a twelve month high of C$28.00. The stock has a market capitalization of $2,770.00, a price-to-earnings ratio of 10.05 and a beta of 0.54.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio is currently 23.14%.

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About WestJet Airlines

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.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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