WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Analysts
Shares of WestJet Airlines Ltd. (TSE:WJA) have been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$20.98.
A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and issued a C$18.00 price target on shares of WestJet Airlines in a research report on Friday, April 5th. National Bank Financial upgraded shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from C$19.50 to C$22.50 in a research report on Thursday, April 11th. TD Securities upped their price target on shares of WestJet Airlines from C$22.00 to C$24.00 and gave the stock a “hold” rating in a research report on Wednesday, February 6th. Cormark reiterated a “market perform” rating and issued a C$21.00 price target on shares of WestJet Airlines in a research report on Tuesday, March 19th. Finally, Canaccord Genuity dropped their price target on shares of WestJet Airlines from C$22.00 to C$20.00 in a research report on Thursday, January 10th.
Shares of WJA traded up C$0.15 during mid-day trading on Tuesday, reaching C$19.57. The stock had a trading volume of 165,000 shares, compared to its average volume of 377,599. The firm has a market cap of $2.23 billion and a P/E ratio of 24.46. WestJet Airlines has a 12 month low of C$16.71 and a 12 month high of C$23.23. The company has a debt-to-equity ratio of 86.02, a current ratio of 0.78 and a quick ratio of 0.65.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.86%. WestJet Airlines’s dividend payout ratio is 70.00%.
About WestJet Airlines
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; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.
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