Q3 2016 EPS Estimates for WestJet Airlines Ltd. Boosted by Analyst (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Research analysts at National Bank Financial raised their Q3 2016 EPS estimates for WestJet Airlines in a research note issued on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the brokerage will post earnings per share of $0.91 for the quarter, up from their previous estimate of $0.89. National Bank Financial currently has a “Sector Perform” rating and a $26.00 price objective on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2016 earnings at $2.35 EPS.
A number of other research analysts also recently weighed in on WJA. Raymond James Financial Inc. raised their price target on shares of WestJet Airlines from C$20.50 to C$22.25 in a report on Friday, July 22nd. Credit Suisse Group AG restated a “neutral” rating and set a C$25.00 price target (up previously from C$23.10) on shares of WestJet Airlines in a report on Thursday, September 29th. Macquarie upgraded shares of WestJet Airlines from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$21.00 to C$26.00 in a report on Friday, July 22nd. Scotiabank set a C$28.00 price target on shares of WestJet Airlines and gave the company an “outperform” rating in a report on Monday, September 12th. Finally, Canaccord Genuity assumed coverage on shares of WestJet Airlines in a report on Tuesday, June 28th. They set a “hold” rating and a C$21.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$22.66.
WestJet Airlines (TSE:WJA) opened at 22.89 on Thursday. The stock has a market capitalization of $2.74 billion and a PE ratio of 9.71. WestJet Airlines has a 52-week low of $14.67 and a 52-week high of $25.45. The firm has a 50-day moving average of $23.33 and a 200-day moving average of $22.34.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.56 annualized dividend and a yield of 2.45%.
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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