WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Brokerages
Shares of WestJet Airlines Ltd. (TSE:WJA) have received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$27.55.
A number of research firms have issued reports on WJA. JPMorgan Chase & Co. lifted their price objective on WestJet Airlines from C$27.00 to C$30.00 in a research note on Friday, December 8th. CIBC lifted their price objective on WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. Canaccord Genuity lifted their price objective on WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. TD Securities reduced their price objective on WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Finally, Beacon Securities downgraded WestJet Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st.
In related news, Director Karen Sheriff bought 4,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of C$25.55 per share, with a total value of C$102,200.00.
Shares of WestJet Airlines (TSE:WJA) traded down C$0.40 on Tuesday, reaching C$26.41. The company had a trading volume of 231,153 shares, compared to its average volume of 335,462. The company has a market cap of $3,040.00, a P/E ratio of 10.69 and a beta of 0.75. WestJet Airlines has a 52 week low of C$21.03 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. Stockholders of record on Friday, December 29th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 12th. WestJet Airlines’s dividend payout ratio is currently 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.
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