WestJet Airlines Ltd. (WJA) Receives C$23.42 Consensus PT from Brokerages

Shares of WestJet Airlines Ltd. (TSE:WJA) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$23.42.

WJA has been the subject of several analyst reports. Scotiabank restated an “outperform” rating and issued a C$25.00 target price on shares of WestJet Airlines in a research report on Wednesday, January 11th. Raymond James Financial, Inc. set a C$24.50 target price on shares of WestJet Airlines and gave the company a “market perform” rating in a research report on Wednesday, February 8th. CIBC dropped their target price on shares of WestJet Airlines from C$26.50 to C$25.00 in a research report on Wednesday, February 8th. Cowen and Company boosted their target price on shares of WestJet Airlines from C$22.00 to C$23.00 in a research report on Wednesday, February 8th. Finally, Royal Bank of Canada dropped their target price on shares of WestJet Airlines from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 8th.

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Shares of WestJet Airlines (TSE:WJA) traded down 1.79% on Tuesday, hitting $22.50. 697,364 shares of the stock were exchanged. WestJet Airlines has a one year low of $19.63 and a one year high of $24.98. The firm has a market capitalization of $2.64 billion and a PE ratio of 9.18. The company has a 50-day moving average price of $22.58 and a 200-day moving average price of $22.37.

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, March 13th.

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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