WestJet Airlines (WJA) Price Target Increased to C$20.50 by Analysts at JPMorgan Chase & Co.

WestJet Airlines (TSE:WJA) had its target price increased by JPMorgan Chase & Co. from C$18.00 to C$20.50 in a research note issued to investors on Thursday morning.

WJA has been the subject of a number of other reports. CIBC reduced their price objective on shares of WestJet Airlines from C$17.00 to C$16.00 in a research note on Wednesday, October 17th. Cormark increased their price objective on shares of WestJet Airlines from C$22.00 to C$28.00 in a research note on Tuesday, October 2nd. Canaccord Genuity increased their price objective on shares of WestJet Airlines from C$20.00 to C$21.00 in a research note on Wednesday. Cowen increased their price objective on shares of WestJet Airlines from C$20.00 to C$22.00 in a research note on Monday. Finally, TD Securities increased their price objective on shares of WestJet Airlines from C$18.00 to C$19.00 and gave the stock a hold rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. WestJet Airlines presently has a consensus rating of Hold and an average target price of C$20.64.

Shares of TSE WJA opened at C$20.64 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 87.39. WestJet Airlines has a 1-year low of C$16.82 and a 1-year high of C$27.85.

WestJet Airlines (TSE:WJA) last announced its earnings results on Tuesday, October 30th. The company reported C$0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. On average, research analysts anticipate that WestJet Airlines will post 1.23759812288611 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.71%. WestJet Airlines’s dividend payout ratio is 56.00%.

In other WestJet Airlines news, Director Colleen Johnston acquired 30,000 shares of WestJet Airlines stock in a transaction dated Friday, November 2nd. The stock was bought at an average cost of C$18.75 per share, for a total transaction of C$562,500.00.

WestJet Airlines Company Profile

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.

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Analyst Recommendations for WestJet Airlines (TSE:WJA)

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