National Bank Financial Brokers Boost Earnings Estimates for WestJet Airlines Ltd. (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at National Bank Financial raised their Q3 2016 earnings per share estimates for WestJet Airlines in a research report issued to clients and investors on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the firm will post earnings per share of $0.91 for the quarter, up from their previous estimate of $0.89. National Bank Financial currently has a “Sector Perform” rating and a $26.00 price target on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2016 earnings at $2.35 EPS.
A number of other research analysts have also issued reports on WJA. Canaccord Genuity initiated coverage on shares of WestJet Airlines in a research note on Tuesday, June 28th. They issued a “hold” rating and a C$21.00 target price on the stock. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. AltaCorp Capital decreased their price target on shares of WestJet Airlines from C$23.00 to C$21.00 in a research report on Thursday, July 21st. Macquarie upgraded shares of WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$21.00 to C$26.00 in a research report on Friday, July 22nd. Finally, Raymond James Financial Inc. raised their price target on shares of WestJet Airlines from C$20.50 to C$22.25 in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. WestJet Airlines currently has an average rating of “Hold” and an average price target of C$22.66.
WestJet Airlines (TSE:WJA) remained flat at $22.58 during trading on Thursday. 47,097 shares of the stock traded hands. The company has a 50-day moving average price of $23.40 and a 200 day moving average price of $22.32. WestJet Airlines has a one year low of $14.67 and a one year high of $25.45. The company has a market cap of $2.71 billion and a P/E ratio of 9.58.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, September 12th.
About WestJet Airlines
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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