WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Analysts
WestJet Airlines Ltd. (TSE:WJA) has been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the company. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$22.52.
A number of research analysts have recently weighed in on WJA shares. AltaCorp Capital cut their price target on WestJet Airlines from C$23.00 to C$21.00 in a research note on Thursday, July 21st. National Bank Financial raised their price objective on WestJet Airlines from C$23.00 to C$24.00 in a research note on Tuesday, July 19th. Raymond James Financial Inc. raised their price objective on WestJet Airlines from C$20.50 to C$22.25 in a research note on Friday, July 22nd. TD Securities reaffirmed a “buy” rating and set a C$28.00 price objective on shares of WestJet Airlines in a research note on Monday, June 13th. Finally, Beacon Securities raised WestJet Airlines from a “hold” rating to a “buy” rating in a research note on Monday, July 11th.
Shares of 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 company has a market cap 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 company has a 50 day moving average price of $23.53 and a 200 day moving average price of $22.31.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend 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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