FY2017 EPS Estimates for WestJet Airlines Ltd. (WJA) Lowered by Analyst
WestJet Airlines Ltd. (TSE:WJA) – Investment analysts at National Bank Financial dropped their FY2017 EPS estimates for shares of WestJet Airlines in a report released on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the firm will post earnings of $2.15 per share for the year, down from their prior estimate of $2.25. National Bank Financial has a “Sector Perform” rating and a $26.00 price objective on the stock.
WJA has been the topic of a number of other research reports. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a C$25.00 price objective (up previously from C$23.10) on shares of WestJet Airlines in a research note on Thursday, September 29th. CSFB reaffirmed a “neutral” rating on shares of WestJet Airlines in a research note on Thursday, September 29th. Beacon Securities raised WestJet Airlines from a “hold” rating to a “buy” rating in a research note on Monday, July 11th. Scotiabank set a C$28.00 price objective on WestJet Airlines and gave the stock an “outperform” rating in a research note on Monday, September 12th. Finally, Macquarie raised WestJet Airlines from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$21.00 to C$26.00 in a research note on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$22.66.
Shares of WestJet Airlines (TSE:WJA) traded up 1.19% during mid-day trading on Friday, reaching $22.89. The company had a trading volume of 149,473 shares. The stock has a market capitalization of $2.74 billion and a price-to-earnings ratio of 9.71. The firm has a 50-day moving average price of $23.33 and a 200-day moving average price of $22.34. WestJet Airlines has a 1-year low of $14.67 and a 1-year high of $25.45.
The firm also recently declared 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 yield of 2.45%. 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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