WestJet Airlines Ltd. (WJA) Sets New 12-Month High at $27.21
WestJet Airlines Ltd. (TSE:WJA) hit a new 52-week high on Thursday . The company traded as high as C$27.21 and last traded at C$27.00, with a volume of 393,841 shares traded. The stock had previously closed at C$26.74.
A number of brokerages recently weighed in on WJA. Macquarie lowered WestJet Airlines from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from C$25.00 to C$24.00 in a research report on Monday, July 17th. Scotiabank boosted their price objective on WestJet Airlines from C$26.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. TD Securities boosted their price objective on WestJet Airlines from C$29.00 to C$31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on WestJet Airlines from C$25.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, National Bank Financial upgraded WestJet Airlines from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$21.50 to C$27.00 in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. WestJet Airlines has an average rating of “Hold” and a consensus target price of C$25.63.
The company has a market cap of $3.17 billion and a PE ratio of 11.97. The company’s 50 day moving average price is $25.94 and its 200-day moving average price is $23.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.11%.
In other news, insider Gregg Albert Saretsky sold 14,687 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total transaction of C$381,715.13. Also, insider Marshall Wilmot sold 3,368 shares of the firm’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. Insiders have sold 18,355 shares of company stock worth $474,818 over the last ninety days.
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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.
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