WestJet Airlines Ltd. (TSE:WJA) – Equities research analysts at National Bank Financial dropped their FY2018 earnings estimates for shares of WestJet Airlines in a report issued on Tuesday, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.55 per share for the year, down from their previous estimate of $2.58. National Bank Financial currently has a “Outperform” rating and a $30.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2019 earnings at $3.29 EPS.
WJA has been the topic of several other research reports. Beacon Securities lowered shares of WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. CIBC upped their target price on shares of WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. Scotiabank upped their target price on shares of WestJet Airlines from C$29.50 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. Raymond James Financial raised shares of WestJet Airlines from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$28.00 to C$31.00 in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of WestJet Airlines from C$27.00 to C$30.00 in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. WestJet Airlines has a consensus rating of “Hold” and a consensus price target of C$28.86.
WestJet Airlines (TSE WJA) traded up C$0.08 during trading hours on Thursday, reaching C$25.04. 317,500 shares of the company traded hands, compared to its average volume of 382,746. WestJet Airlines has a 1 year low of C$21.53 and a 1 year high of C$28.00. The firm has a market cap of $2,860.00, a PE ratio of 10.35 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio is currently 23.14%.
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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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