WestJet Airlines Ltd. (TSE:WJA) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$19.64 and last traded at C$19.68, with a volume of 126828 shares. The stock had previously closed at C$19.90.

A number of research analysts have recently issued reports on WJA shares. Raymond James downgraded shares of WestJet Airlines from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$31.00 to C$25.00 in a research report on Friday, March 9th. JPMorgan Chase & Co. reduced their price target on shares of WestJet Airlines from C$26.00 to C$21.00 in a research report on Friday, May 11th. TD Securities reduced their price target on shares of WestJet Airlines from C$27.00 to C$20.00 and set a “hold” rating on the stock in a research report on Wednesday, May 9th. National Bank Financial downgraded shares of WestJet Airlines from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$30.00 to C$26.00 in a research report on Tuesday, April 10th. Finally, Royal Bank of Canada reduced their price target on shares of WestJet Airlines from C$25.00 to C$20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. WestJet Airlines presently has a consensus rating of “Hold” and an average price target of C$22.17.

WestJet Airlines (TSE:WJA) last issued its quarterly earnings data on Tuesday, May 8th. The company reported C$0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.35 by C($0.03). The firm had revenue of C$1.19 billion during the quarter, compared to the consensus estimate of C$1.20 billion. WestJet Airlines had a net margin of 4.58% and a return on equity of 9.19%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Wednesday, June 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.91%.

WestJet Airlines Company Profile

WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States.

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