WestJet (WJA) Price Target Cut to C$21.00

WestJet (TSE:WJA) had its price objective decreased by JPMorgan Chase from C$26.00 to C$21.00 in a research note published on Friday.

A number of other research analysts have also issued reports on the stock. CIBC dropped their price objective on shares of WestJet from C$28.00 to C$26.00 in a report on Wednesday, April 11th. National Bank Financial lowered shares of WestJet from an outperform rating to a sector perform rating and dropped their price objective for the company from C$30.00 to C$26.00 in a report on Tuesday, April 10th. Raymond James upgraded shares of WestJet from a market perform rating to an outperform rating and raised their price objective for the company from C$28.00 to C$31.00 in a report on Friday, January 12th. AltaCorp Capital upgraded shares of WestJet from an underperform rating to a sector perform rating in a report on Wednesday, February 7th. Finally, Scotiabank dropped their price objective on shares of WestJet from C$30.00 to C$28.00 and set an outperform rating for the company in a report on Friday, March 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$22.17.

Shares of TSE WJA opened at C$19.98 on Friday. WestJet has a 1 year low of C$19.18 and a 1 year high of C$28.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.80%.

About WestJet

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.

Analyst Recommendations for WestJet (TSE:WJA)

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