WestJet Airlines Ltd. (TSE:WJA) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$26.95.
Several analysts recently issued reports on WJA shares. Scotiabank raised their price target on WestJet Airlines from C$28.25 to C$29.50 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. CIBC raised their price target on WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. J P Morgan Chase & Co reissued a “neutral” rating and issued a C$27.00 price target on shares of WestJet Airlines in a report on Monday, November 13th. Beacon Securities downgraded WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, National Bank Financial raised their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 12th.
In other WestJet Airlines news, Director Karen Sheriff bought 4,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of C$25.55 per share, with a total value of C$102,200.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, December 12th. WestJet Airlines’s payout ratio is currently 22.67%.
WestJet Airlines Company Profile
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.
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