WestJet Airlines Ltd. (TSE:WJA) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$27.90.
Several analysts have recently issued reports on WJA shares. BMO Capital Markets dropped their target price on shares of WestJet Airlines from C$27.00 to C$26.00 and set a “market perform” rating on the stock in a research report on Friday, March 9th. Royal Bank of Canada raised their price target on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. Scotiabank decreased their price target on shares of WestJet Airlines from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, March 9th. Raymond James Financial downgraded shares of WestJet Airlines from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$31.00 to C$25.00 in a research note on Friday, March 9th. Finally, AltaCorp Capital raised shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, February 7th.
Shares of WestJet Airlines (WJA) traded up C$0.21 during midday trading on Friday, hitting C$24.78. 1,005,527 shares of the stock traded hands, compared to its average volume of 384,332. WestJet Airlines has a 1-year low of C$21.54 and a 1-year high of C$28.00. The firm has a market capitalization of $2,810.00, a price-to-earnings ratio of 10.31 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio is currently 23.14%.
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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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