WestJet Airlines Ltd. (WJA) Shares Up 3.5%

Shares of WestJet Airlines Ltd. (TSE:WJA) shot up 3.5% during mid-day trading on Thursday . The stock traded as high as C$27.91 and last traded at C$27.88. 374,816 shares were traded during trading, a decline of 2% from the average session volume of 383,903 shares. The stock had previously closed at C$26.95.

Several research firms recently issued reports on WJA. CIBC increased their target price on WestJet Airlines from C$27.00 to C$29.50 in a research report on Friday, October 13th. National Bank Financial increased their target price on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 12th. Canaccord Genuity increased their target price on WestJet Airlines from C$27.50 to C$28.00 in a research report on Thursday, October 12th. Macquarie cut WestJet Airlines from a “neutral” rating to an “underperform” rating and cut their target price for the stock from C$25.00 to C$24.00 in a research report on Monday, July 17th. Finally, Scotiabank increased their target price 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. WestJet Airlines has an average rating of “Hold” and an average price target of C$26.50.

The company’s 50-day moving average price is $26.78 and its 200 day moving average price is $24.57. The stock has a market capitalization of $3.26 billion and a P/E ratio of 12.32.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.56 annualized dividend and a yield of 2.01%.

In other news, insider Marshall Wilmot sold 3,368 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of C$25.33, for a total transaction of C$85,311.44. Also, insider Gregg Albert Saretsky sold 14,687 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total value of C$381,715.13. Over the last quarter, insiders have sold 18,355 shares of company stock valued at $474,818.

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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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