WestJet Airlines Ltd. (TSE:WJA) – Beacon Securities lowered their FY2018 EPS estimates for WestJet Airlines in a note issued to investors on Tuesday. Beacon Securities analyst A. Shaath now anticipates that the company will post earnings per share of $2.69 for the year, down from their prior forecast of $3.11. Beacon Securities currently has a “Hold” rating on the stock.
A number of other equities analysts have also recently commented on WJA. National Bank Financial raised WestJet Airlines from a “sector perform” rating to an “outperform” rating and set a C$30.00 price target for the company in a report on Wednesday. AltaCorp Capital raised WestJet Airlines from an “underperform” rating to a “sector perform” rating in a report on Wednesday. CIBC upped their target price on WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. Canaccord Genuity upped their target price on WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. Finally, TD Securities lowered their target price on 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. WestJet Airlines presently has an average rating of “Hold” and a consensus target price of C$28.86.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.36%. WestJet Airlines’s payout ratio is 23.14%.
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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.
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