WestJet Airlines Ltd. (WJA) Receives Average Rating of “Hold” from Brokerages

Shares of WestJet Airlines Ltd. (TSE:WJA) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$20.98.

A number of brokerages recently commented on WJA. National Bank Financial decreased their target price on shares of WestJet Airlines from C$18.50 to C$17.50 and set an “outperform” rating on the stock in a research report on Friday, January 11th. Royal Bank of Canada lifted their target price on shares of WestJet Airlines from C$19.00 to C$20.00 in a research report on Monday, January 14th. Raymond James reiterated a “market perform” rating and issued a C$20.25 target price on shares of WestJet Airlines in a research report on Wednesday, February 6th. CIBC lifted their target price on shares of WestJet Airlines from C$20.00 to C$22.00 in a research report on Wednesday, February 6th. Finally, Canaccord Genuity decreased their target price on shares of WestJet Airlines from C$22.00 to C$20.00 in a research report on Thursday, January 10th.

Shares of WestJet Airlines stock traded up C$0.15 on Tuesday, hitting C$19.57. 165,000 shares of the company traded hands, compared to its average volume of 377,599. The company has a debt-to-equity ratio of 86.02, a quick ratio of 0.65 and a current ratio of 0.78. The stock 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.

WestJet Airlines (TSE:WJA) last posted its quarterly earnings data on Tuesday, February 5th. The company reported C$0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.17. The company had revenue of C$1.19 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. On average, analysts predict that WestJet Airlines will post 2.10107298513754 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Tuesday, March 12th. WestJet Airlines’s 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.

Further Reading: Quiet Period

Analyst Recommendations for WestJet Airlines (TSE:WJA)

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