WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at Beacon Securities lifted their Q2 2017 earnings estimates for WestJet Airlines in a note issued to investors on Thursday. Beacon Securities analyst A. Shaath now expects that the company will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.10. Beacon Securities has a “Buy” rating and a $28.50 price objective on the stock. Beacon Securities also issued estimates for WestJet Airlines’ FY2017 earnings at $2.24 EPS.
Several other research firms have also issued reports on WJA. Macquarie lowered shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$25.00 to C$24.00 in a report on Monday. National Bank Financial restated an “underperform” rating and issued a C$21.50 target price on shares of WestJet Airlines in a report on Thursday, June 29th. BMO Capital Markets restated a “market perform” rating and issued a C$25.00 target price on shares of WestJet Airlines in a report on Monday, June 26th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$24.50 price objective on shares of WestJet Airlines in a report on Monday, April 17th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$28.00 price objective on shares of WestJet Airlines in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$24.42.
WestJet Airlines (TSE WJA) opened at 24.93 on Monday. The company has a market cap of $2.92 billion and a PE ratio of 11.60. The firm’s 50-day moving average price is $22.69 and its 200-day moving average price is $22.66. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $25.88.
In other news, Director Ron A. Brenneman acquired 5,000 shares of WestJet Airlines stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of C$22.50 per share, with a total value of C$112,500.00. Also, insider Robert Cummings sold 1,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$23.13, for a total transaction of C$27,756.00. Over the last three months, insiders have bought 30,000 shares of company stock valued at $669,050.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, June 12th.
About WestJet Airlines
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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