Shares of WestJet Airlines Ltd. (TSE:WJA) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$21.25.
WJA has been the topic of a number of analyst reports. National Bank Financial decreased their price objective on WestJet Airlines from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 10th. JPMorgan Chase & Co. decreased their price objective on WestJet Airlines from C$26.00 to C$21.00 in a research note on Friday, May 11th. TD Securities decreased their price objective on WestJet Airlines from C$27.00 to C$20.00 and set a “hold” rating on the stock in a research note on Wednesday, May 9th. Royal Bank of Canada decreased their price objective on WestJet Airlines from C$25.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 9th. Finally, AltaCorp Capital lowered WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, May 9th.
Shares of WestJet Airlines traded down C$0.18, reaching C$18.65, during mid-day trading on Friday, MarketBeat reports. The stock had a trading volume of 340,739 shares, compared to its average volume of 402,905. WestJet Airlines has a 12-month low of C$16.82 and a 12-month high of C$28.00.
The business also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, June 13th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.00%.
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, 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.
Read More: Price to Earnings Ratio (PE)
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