WestJet Airlines (WJA) Stock Rating Reaffirmed by Raymond James
WJA has been the subject of several other reports. Cowen lifted their target price on shares of WestJet Airlines from C$20.00 to C$22.00 in a report on Monday, December 3rd. JPMorgan Chase & Co. lifted their target price on shares of WestJet Airlines from C$17.00 to C$18.00 in a report on Friday, November 2nd. Cormark lifted their target price on shares of WestJet Airlines from C$22.00 to C$28.00 in a report on Tuesday, October 2nd. CIBC decreased their target price on shares of WestJet Airlines from C$17.00 to C$16.00 in a report on Wednesday, October 17th. Finally, TD Securities lifted their target price on shares of WestJet Airlines from C$18.00 to C$19.00 and gave the stock a hold rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. WestJet Airlines currently has an average rating of Hold and a consensus target price of C$20.64.
WestJet Airlines stock traded down C$0.85 during trading hours on Friday, hitting C$19.79. The stock had a trading volume of 390,100 shares, compared to its average volume of 431,171. 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 12-month low of C$16.82 and a 12-month high of C$27.85.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Wednesday, December 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.83%. WestJet Airlines’s payout ratio is 56.00%.
In related news, Director Colleen Johnston acquired 30,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was purchased at an average cost of C$18.75 per share, with a total value 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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