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%.
TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/08/westjet-airlines-ltd-wja-receives-average-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for WestJet Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines and related companies with MarketBeat.com's FREE daily email newsletter.