WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Analysts
Shares of WestJet Airlines Ltd. (TSE:WJA) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the firm. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$22.52.
WJA has been the subject of several research reports. Scotiabank set a C$28.00 target price on WestJet Airlines and gave the stock an “outperform” rating in a research report on Monday, September 12th. Credit Suisse Group AG reiterated a “neutral” rating and issued a C$25.00 target price (up previously from C$23.10) on shares of WestJet Airlines in a research report on Thursday, September 29th. CSFB reiterated a “neutral” rating on shares of WestJet Airlines in a research report on Thursday, September 29th. TD Securities lifted their target price on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, AltaCorp Capital decreased their target price on WestJet Airlines from C$23.00 to C$21.00 in a research report on Thursday, July 21st.
WestJet Airlines (TSE:WJA) traded up 1.12% on Tuesday, reaching $22.58. The company’s stock had a trading volume of 117,221 shares. The firm has a 50-day moving average price of $23.53 and a 200 day moving average price of $22.31. The firm has a market capitalization of $2.71 billion and a P/E ratio of 9.58. WestJet Airlines has a 52-week low of $14.67 and a 52-week high of $25.45.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, September 12th.
WestJet Airlines Company Profile
WestJet Airlines Ltd. is a Canada-based airline company that offers airline services and vacation packages. The Company operates WestJet Vacations, which provide 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 over one destination in the United States.
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