WestJet Airlines (TSE:WJA) PT Lowered to C$28.00

WestJet Airlines (TSE:WJA) had its price objective trimmed by Scotiabank from C$30.00 to C$28.00 in a report published on Friday, March 9th. The brokerage currently has an outperform rating on the stock.

Several other research firms have also issued reports on WJA. BMO Capital Markets reduced their target price on WestJet Airlines from C$27.00 to C$26.00 and set a market perform rating for the company in a report on Friday, March 9th. Royal Bank of Canada upped their target price 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. JPMorgan Chase reissued a neutral rating and set a C$27.00 price objective on shares of WestJet Airlines in a report on Monday, November 13th. Raymond James Financial lowered WestJet Airlines from an outperform rating to a market perform rating and reduced their price objective for the company from C$31.00 to C$25.00 in a report on Friday, March 9th. Finally, AltaCorp Capital raised WestJet Airlines from an underperform rating to a sector perform rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of C$27.95.

WJA stock traded down C$0.05 during trading on Friday, reaching C$23.65. 348,331 shares of the stock were exchanged, compared to its average volume of 389,478. WestJet Airlines has a twelve month low of C$21.54 and a twelve month high of C$28.00.

WestJet Airlines (TSE:WJA) last issued its quarterly earnings data on Tuesday, February 6th. The company reported C$0.42 EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.02). The company had revenue of C$1.12 billion during the quarter, compared to analysts’ expectations of C$1.11 billion. WestJet Airlines had a return on equity of 9.19% and a net margin of 4.58%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, March 14th were given a $0.14 dividend. The ex-dividend date was Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.37%.

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About WestJet Airlines

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 Airlines (TSE:WJA)

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