WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Analysts
Shares of WestJet Airlines Ltd. (TSE:WJA) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$25.68.
WJA has been the subject of several recent research reports. National Bank Financial reiterated an “underperform” rating and set a C$21.50 target price on shares of WestJet Airlines in a research note on Thursday, June 29th. BMO Capital Markets reiterated a “market perform” rating and set a C$25.00 target price on shares of WestJet Airlines in a research note on Monday, June 26th. Macquarie lowered shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and lowered their target price 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 boosted their target price for the company from C$22.50 to C$28.50 in a research note on Thursday, July 13th. Finally, TD Securities boosted their target price 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.
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Shares of WestJet Airlines (WJA) traded up 0.80% on Thursday, hitting $27.57. 112,519 shares of the stock traded hands. The firm has a market cap of $3.23 billion and a P/E ratio of 12.20. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $27.64. The firm’s 50-day moving average is $26.39 and its 200 day moving average is $24.23.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, September 12th.
In other WestJet Airlines news, insider Marshall Wilmot sold 3,368 shares of the company’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 company’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 sold a total of 18,355 shares of company stock valued at $474,818 over the last three months.
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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