National Bank Financial Brokers Boost Earnings Estimates for WestJet Airlines Ltd. (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Equities research analysts at National Bank Financial raised their Q3 2016 earnings estimates for shares of WestJet Airlines in a note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen now expects that the firm will post earnings of $0.91 per share for the quarter, up from their previous forecast of $0.89. National Bank Financial currently has a “Sector Perform” rating and a $26.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2016 earnings at $2.35 EPS.
WJA has been the subject of a number of other reports. Scotiabank set a C$28.00 target price on WestJet Airlines and gave the company an “outperform” rating in a report on Monday, September 12th. Credit Suisse Group AG reiterated a “neutral” rating and issued a C$25.00 target price (up from C$23.10) on shares of WestJet Airlines in a report on Thursday, September 29th. CSFB reiterated a “neutral” rating on shares of WestJet Airlines in a report on Thursday, September 29th. TD Securities lifted their target price on WestJet Airlines from C$27.00 to C$29.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, AltaCorp Capital decreased their target price on WestJet Airlines from C$23.00 to C$21.00 in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. WestJet Airlines presently has an average rating of “Hold” and a consensus price target of C$22.66.
Shares of WestJet Airlines (TSE:WJA) remained flat at $22.58 during midday trading on Thursday. 47,097 shares of the stock were exchanged. The stock has a market cap of $2.71 billion and a price-to-earnings ratio of 9.58. The stock’s 50-day moving average price is $23.40 and its 200 day moving average price is $22.32. WestJet Airlines has a 52-week low of $14.67 and a 52-week high of $25.45.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.48%. 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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