TD Securities Analysts Give Wajax (TSE:WJX) a C$24.00 Price Target

TD Securities set a C$24.00 price objective on Wajax (TSE:WJX) in a report issued on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Scotiabank reduced their price target on Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. National Bankshares set a C$26.00 price objective on Wajax and gave the company a “sector perform” rating in a research note on Friday, September 27th. National Bank Financial upgraded Wajax to a “hold” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets cut their price target on Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$24.50.

Wajax Trading Down 0.8 %

Shares of Wajax stock opened at C$21.56 on Thursday. The company’s fifty day moving average price is C$21.61 and its two-hundred day moving average price is C$23.94. Wajax has a 52-week low of C$20.05 and a 52-week high of C$34.96. The firm has a market capitalization of C$468.50 million, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71.

Wajax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date was Monday, December 16th. Wajax’s payout ratio is currently 44.73%.

About Wajax

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.