WestJet Airlines Ltd. (WJA) Receives Consensus Rating of “Hold” from Brokerages

Shares of WestJet Airlines Ltd. (TSE:WJA) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$28.36.

Several research analysts have recently issued reports on WJA shares. Canaccord Genuity increased their price target on WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. TD Securities decreased their price target on WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Royal Bank of Canada increased their price target on WestJet Airlines from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a C$27.00 price target on shares of WestJet Airlines in a research note on Monday, November 13th. Finally, National Bank Financial increased their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 12th.

In other news, Director Karen Sheriff acquired 4,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average price of C$25.55 per share, for a total transaction of C$102,200.00.

Shares of WestJet Airlines (TSE:WJA) traded up C$0.39 on Friday, reaching C$25.56. The company had a trading volume of 255,400 shares, compared to its average volume of 373,689. The company has a market cap of $2,910.00, a P/E ratio of 10.35 and a beta of 0.76. WestJet Airlines has a 52-week low of C$21.03 and a 52-week high of C$28.00.

WestJet Airlines (TSE:WJA) last released its quarterly earnings results on Tuesday, October 31st. The company reported C$1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.17 by C$0.01. WestJet Airlines had a return on equity of 9.19% and a net margin of 4.58%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 29th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.19%. WestJet Airlines’s dividend payout ratio (DPR) is 22.67%.

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WestJet Airlines Company Profile

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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