WestJet Airlines Ltd. (WJA) Receives Consensus Rating of “Hold” from Analysts
Shares of WestJet Airlines Ltd. (TSE:WJA) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$25.63.
WJA has been the subject of several research analyst reports. National Bank Financial restated an “underperform” rating and issued a C$21.50 price objective on shares of WestJet Airlines in a research note on Thursday, June 29th. BMO Capital Markets restated a “market perform” rating and issued a C$25.00 price objective on shares of WestJet Airlines in a research note on Monday, June 26th. Macquarie downgraded shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from C$25.00 to C$24.00 in a research note on Monday, July 17th. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from C$22.50 to C$28.50 in a research note on Thursday, July 13th. Finally, TD Securities upped their price objective on shares of WestJet Airlines from C$29.00 to C$31.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd.
In related news, insider Marshall Wilmot sold 3,368 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$25.33, for a total value of C$85,311.44. Also, insider Gregg Albert Saretsky sold 14,687 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$25.99, for a total transaction of C$381,715.13. Insiders have sold 18,355 shares of company stock valued at $474,818 in the last quarter.
Shares of WestJet Airlines (WJA) traded up 3.60% during mid-day trading on Friday, reaching $27.04. The company’s stock had a trading volume of 1,056,065 shares. The stock has a market capitalization of $3.17 billion and a price-to-earnings ratio of 11.97. WestJet Airlines has a 52 week low of $20.52 and a 52 week high of $27.05. The company’s 50-day moving average is $25.84 and its 200-day moving average is $23.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.07%.
About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides 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 the United States.
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