WestJet Airlines Ltd. (TSE:WJA) has been given an average rating of “Hold” by the twelve analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have given 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$20.45.

Several brokerages recently weighed in on WJA. National Bank Financial cut their target price on WestJet Airlines from C$18.50 to C$17.50 and set an “outperform” rating on the stock in a research report on Friday. Canaccord Genuity cut their target price on WestJet Airlines from C$22.00 to C$20.00 in a research report on Thursday. CIBC increased their target price on WestJet Airlines from C$16.00 to C$20.00 and gave the stock an “average” rating in a research report on Wednesday, December 5th. AltaCorp Capital raised WestJet Airlines from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, December 5th. Finally, BMO Capital Markets cut their target price on WestJet Airlines from C$20.00 to C$19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 31st.

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

Shares of WestJet Airlines stock traded down C$0.26 during trading hours on Friday, reaching C$17.53. 454,487 shares of the company’s stock were exchanged, compared to its average volume of 274,971. WestJet Airlines has a 52-week low of C$16.71 and a 52-week high of C$26.72. 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 (TSE:WJA) last issued its quarterly earnings results on Tuesday, October 30th. The company reported C$0.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.05. The business had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, equities analysts expect that WestJet Airlines will post 1.33999995691796 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Wednesday, December 12th were issued a $0.14 dividend. The ex-dividend date was Tuesday, December 11th. This represents a $0.56 annualized dividend and a yield of 3.19%. WestJet Airlines’s dividend payout ratio is currently 56.00%.

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.

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Analyst Recommendations for WestJet Airlines (TSE:WJA)

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