Analysts’ Weekly Ratings Changes for WestJet Airlines (WJA)

A number of firms have modified their ratings and price targets on shares of WestJet Airlines (TSE: WJA) recently:

  • 12/6/2018 – WestJet Airlines had its price target raised by analysts at JPMorgan Chase & Co. from C$18.00 to C$20.50.
  • 12/5/2018 – WestJet Airlines was upgraded by analysts at AltaCorp Capital from an “underperform” rating to a “sector perform” rating.
  • 12/5/2018 – WestJet Airlines had its price target raised by analysts at CIBC from C$16.00 to C$20.00. They now have an “average” rating on the stock.
  • 12/5/2018 – WestJet Airlines had its price target raised by analysts at Canaccord Genuity from C$20.00 to C$21.00.
  • 12/3/2018 – WestJet Airlines had its price target raised by analysts at Cowen Inc from C$20.00 to C$22.00.
  • 11/2/2018 – WestJet Airlines had its price target raised by analysts at JPMorgan Chase & Co. from C$17.00 to C$18.00.
  • 10/31/2018 – WestJet Airlines had its price target raised by analysts at National Bank Financial from C$17.00 to C$18.50. They now have an “underperform” rating on the stock.
  • 10/31/2018 – WestJet Airlines had its price target lowered by analysts at BMO Capital Markets from C$20.00 to C$19.00. They now have a “market perform” rating on the stock.
  • 10/31/2018 – WestJet Airlines had its price target raised by analysts at TD Securities from C$18.00 to C$19.00. They now have a “hold” rating on the stock.
  • 10/17/2018 – WestJet Airlines had its price target lowered by analysts at CIBC from C$17.00 to C$16.00.

WestJet Airlines stock traded down C$0.51 during trading hours on Friday, hitting C$20.13. The company had a trading volume of 74,055 shares, compared to its average volume of 429,704. The company has a debt-to-equity ratio of 87.39, a current ratio of 0.78 and a quick ratio of 0.65. WestJet Airlines Ltd. has a one year low of C$16.82 and a one year high of C$27.85.

WestJet Airlines (TSE:WJA) last released its quarterly earnings results on Tuesday, October 30th. The company reported C$0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. On average, analysts forecast that WestJet Airlines Ltd. will post 1.23759812288611 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Wednesday, December 12th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.56 annualized dividend and a yield of 2.78%. WestJet Airlines’s dividend payout ratio is currently 56.00%.

In related news, Director Colleen Johnston purchased 30,000 shares of the stock in a transaction on Friday, November 2nd. The shares were purchased at an average cost of C$18.75 per share, with a total value of C$562,500.00.

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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