WestJet Airlines Ltd. (WJA) Given Consensus Rating of “Hold” by Brokerages

Shares of WestJet Airlines Ltd. (TSE:WJA) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$26.95.

Several research firms recently issued reports on WJA. Canaccord Genuity increased their price target on shares of WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. TD Securities cut their price target on shares of WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Wednesday, November 1st. National Bank Financial increased their price target on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reissued a “neutral” rating and set a C$27.00 price target on shares of WestJet Airlines in a report on Monday, November 13th. Finally, Beacon Securities cut shares of WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st.

In other WestJet Airlines news, Director Karen Sheriff acquired 4,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of C$25.55 per share, with a total value of C$102,200.00. Also, insider Gregg Albert Saretsky sold 14,687 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total transaction of C$381,715.13.

WestJet Airlines (WJA) traded up C$0.59 during midday trading on Friday, reaching C$26.75. 288,376 shares of the company traded hands, compared to its average volume of 340,411. WestJet Airlines has a 52-week low of C$20.52 and a 52-week high of C$28.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.09%. WestJet Airlines’s dividend payout ratio (DPR) is presently 22.67%.

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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.

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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