WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Raymond James Financial increased their Q3 2016 earnings estimates for WestJet Airlines in a research report issued on Monday. Raymond James Financial analyst B. Cherniavsky now expects that the firm will earn $0.92 per share for the quarter, up from their previous estimate of $0.88. Raymond James Financial also issued estimates for WestJet Airlines’ FY2016 earnings at $2.46 EPS and FY2017 earnings at $2.37 EPS.
WJA has been the topic of a number of other reports. Scotiabank set a C$28.00 price objective on shares of WestJet Airlines and gave the company an “outperform” rating in a research note on Monday, September 12th. Credit Suisse Group AG reiterated a “neutral” rating and set a C$25.00 price objective (up from C$23.10) on shares of WestJet Airlines in a research note on Thursday, September 29th. CSFB reiterated a “neutral” rating on shares of WestJet Airlines in a research note on Thursday, September 29th. TD Securities increased their price objective on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, AltaCorp Capital dropped their price objective on shares of WestJet Airlines from C$23.00 to C$21.00 in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$22.82.
WestJet Airlines (TSE:WJA) traded up 0.35% during midday trading on Tuesday, reaching $23.08. 48,451 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.77 billion and a price-to-earnings ratio of 9.79. The stock’s 50-day moving average is $23.30 and its 200-day moving average is $22.39. WestJet Airlines has a 12-month low of $14.67 and a 12-month high of $25.31.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.43%.
About WestJet Airlines
WestJet Airlines Ltd. is a Canada-based airline company that offers airline services and vacation packages. The Company operates WestJet Vacations, which provide 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 over one destination in the United States.
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