WestJet Airlines Receives Average Recommendation of “Buy” from Analysts (TSE:WJA)
WestJet Airlines (TSE:WJA) has been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the company, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$32.43.
Shares of WestJet Airlines (TSE:WJA) traded up 0.21% during mid-day trading on Tuesday, hitting $28.65. The stock had a trading volume of 33,021 shares. WestJet Airlines has a 52 week low of $21.25 and a 52 week high of $29.11. The stock has a 50-day moving average of $27.20 and a 200-day moving average of $25.51. The company has a market cap of $3.657 billion and a price-to-earnings ratio of 13.49.
WestJet Airlines (TSE:WJA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.12. On average, analysts predict that WestJet Airlines will post $2.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.68%.
WJA has been the subject of a number of recent research reports. Analysts at TD Securities raised their price target on shares of WestJet Airlines from C$35.00 to C$38.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of WestJet Airlines from C$31.00 to C$33.00 in a research note on Wednesday, July 30th. They now have a “focus stock” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of WestJet Airlines from C$28.00 to C$30.00 in a research note on Wednesday, July 30th. They now have a “sector perform” rating on the stock.
WestJet Airlines Ltd. (TSE:WJA) provides airline service and travel packages with scheduled service to more than 85 destinations in North America, Central America and the Caribbean, and has partnership agreements with over 30 airlines around the world.
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