Raymond James Financial upgraded shares of WestJet Airlines (TSE:WJA) from a market perform rating to an outperform rating in a report released on Friday. The firm currently has C$31.00 price objective on the stock, up from their prior price objective of C$28.00.
A number of other research firms also recently weighed in on WJA. CIBC increased their price objective on WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. Canaccord Genuity increased their price objective on WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. National Bank Financial increased their price objective on WestJet Airlines from C$27.00 to C$29.00 and gave the company a sector perform rating in a report on Thursday, October 12th. JPMorgan Chase & Co. increased their price objective on WestJet Airlines from C$27.00 to C$30.00 in a report on Friday, December 8th. Finally, Scotiabank increased their price objective on WestJet Airlines from C$28.25 to C$29.50 and gave the company an outperform rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of C$28.29.
WestJet Airlines (TSE WJA) traded up C$0.68 during midday trading on Friday, reaching C$25.34. The company had a trading volume of 440,700 shares, compared to its average volume of 308,060. The firm has a market capitalization of $2,920.00, a P/E ratio of 10.26 and a beta of 0.76. WestJet Airlines has a 1-year low of C$21.03 and a 1-year high of C$28.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 29th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.21%. WestJet Airlines’s payout ratio is currently 22.67%.
In other WestJet Airlines news, Director Karen Sheriff purchased 4,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was purchased at an average cost of C$25.55 per share, for a total transaction of C$102,200.00.
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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.
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