Wajax (TSE:WJX) Price Target Lowered to C$24.00 at TD Securities

Wajax (TSE:WJX) had its price objective reduced by investment analysts at TD Securities from C$30.00 to C$24.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 12.04% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. National Bank Financial raised Wajax to a “hold” rating in a research note on Thursday, September 26th. Scotiabank set a C$29.00 price objective on Wajax and gave the stock a “sector perform” rating in a report on Wednesday, August 21st. National Bankshares set a C$26.00 target price on shares of Wajax and gave the company a “sector perform” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets dropped their price target on shares of Wajax from C$32.00 to C$30.00 in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$24.50.

Wajax Stock Up 2.0 %

Shares of TSE:WJX opened at C$21.42 on Wednesday. Wajax has a 12 month low of C$20.44 and a 12 month high of C$34.96. The firm has a market cap of C$465.46 million, a P/E ratio of 6.84, a P/E/G ratio of 0.50 and a beta of 1.80. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 103.38. The company’s 50-day moving average price is C$24.94 and its two-hundred day moving average price is C$26.00.

Wajax (TSE:WJX) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 EPS for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. The business had revenue of C$568.30 million for the quarter. As a group, research analysts forecast that Wajax will post 3.4850136 EPS for the current fiscal year.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.