21:27:08 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



WestJet Airlines Ltd
Symbol WJA
Shares Issued 109,089,643
Close 2016-02-12 C$ 14.99
Market Cap C$ 1,635,253,749
Recent Sedar Documents

Stock Pickers refreshes WestJet Airlines buy

2016-02-12 21:05 ET - In the News

Stock Pickers Digest, in the February, 2016, issue, refreshes its buy of WestJet Airlines Ltd., recently $18.52. Stock Pickers said buy 12 times from December, 2009, to October, 2015, at prices ranging from $11.55 to $33.05. Assuming a $1,000 investment for each of the 12 buys, the $12,000 position is now worth $12,556. WestJet serves 100 destinations in North America, Central America, the Caribbean and Europe. It launched a Canadian regional airline in June, 2013, and more recently took delivery of its first of three Boeing 767 wide-body aircraft, which will allow it to compete with Air Canada internationally. These are good moves in an increasingly competitive airline market. Another advantage is WestJet's work force, which has refrained from unionizing and generally provides friendlier service than unionized airlines, according to passengers. In the quarter ended Sept. 30, 2015, WestJet earned 82 cents a share, up from 66 cents a share a year earlier (excluding one-time items). Revenue rose to $1.05-billion from $1.01-billion. WestJet will likely earn $2.74 a share in 2016, and currently trades at just 6.8 times that estimate. The Investor dubs the stock "a top pick" for 2016.

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