Analysts Set WestJet Airlines Ltd. (WJA) PT at $28.90

WestJet Airlines Ltd. (TSE:WJA) has been given a consensus rating of “Hold” by the twelve research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$28.90.

Several brokerages have recently weighed in on WJA. Beacon Securities cut WestJet Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. CIBC upped their price target on WestJet Airlines from C$29.00 to C$30.00 in a research report on Thursday, January 4th. National Bank Financial upped their price target on WestJet Airlines from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Monday, January 15th. Scotiabank upped their price target on 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. Finally, Raymond James Financial upgraded shares of WestJet Airlines from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$28.00 to C$31.00 in a research report on Friday, January 12th.

Shares of WestJet Airlines (TSE:WJA) traded up C$0.08 on Wednesday, hitting C$25.04. The stock had a trading volume of 317,500 shares, compared to its average volume of 382,039. WestJet Airlines has a 12-month low of C$21.53 and a 12-month high of C$28.00. The company has a market capitalization of $2,850.00, a PE ratio of 10.35 and a beta of 0.62.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio (DPR) is 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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