National Bank Financial Increases WestJet Airlines (WJA) Price Target to C$30.00

WestJet Airlines (TSE:WJA) had its price target boosted by National Bank Financial from C$29.00 to C$30.00 in a research note published on Monday. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for WestJet Airlines’ Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $2.39 EPS, FY2018 earnings at $2.58 EPS and FY2019 earnings at $3.25 EPS.

WJA has been the subject of several other reports. Beacon Securities cut shares of WestJet Airlines from a buy rating to a hold rating in a research report on Tuesday, October 31st. CIBC boosted their price objective on shares of WestJet Airlines from C$29.00 to C$30.00 in a research report on Thursday, January 4th. Scotiabank boosted their price objective on shares of WestJet Airlines from C$29.50 to C$31.00 and gave the company an outperform rating in a research report on Thursday, December 7th. Raymond James Financial raised shares of WestJet Airlines from a market perform rating to an outperform rating and boosted their price objective for the company from C$28.00 to C$31.00 in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of WestJet Airlines from C$27.00 to C$30.00 in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of C$28.38.

Shares of WestJet Airlines (TSE:WJA) opened at C$25.17 on Monday. The stock has a market cap of $2,900.00, a PE ratio of 10.19 and a beta of 0.76. WestJet Airlines has a 52-week low of C$21.03 and a 52-week high of C$28.00.

WestJet Airlines (TSE:WJA) last released its quarterly earnings data on Tuesday, October 31st. The company reported C$1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.17 by C$0.01. WestJet Airlines had a net margin of 4.58% and a return on equity of 9.19%.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 29th were given a $0.14 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.22%. WestJet Airlines’s payout ratio is presently 22.67%.

In other WestJet Airlines news, Director Karen Sheriff purchased 4,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was purchased at an average price of C$25.55 per share, with a total value 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.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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