Wajax (TSE:WJX) Given a C$29.00 Price Target at Raymond James

Raymond James set a C$29.00 price target on Wajax (TSE:WJXGet Rating) in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also commented on WJX. TD Securities decreased their price objective on shares of Wajax from C$34.00 to C$27.00 and set a buy rating on the stock in a report on Wednesday, March 9th. Scotiabank reduced their target price on shares of Wajax from C$30.00 to C$28.00 in a report on Wednesday, March 9th.

Shares of TSE WJX opened at C$21.85 on Tuesday. Wajax has a 12-month low of C$18.73 and a 12-month high of C$29.67. The stock has a market cap of C$470.45 million and a PE ratio of 9.03. The company has a debt-to-equity ratio of 82.48, a quick ratio of 0.75 and a current ratio of 1.85. The company’s 50-day simple moving average is C$20.34.

Wajax (TSE:WJXGet Rating) last posted its quarterly earnings results on Monday, March 7th. The company reported C$0.32 earnings per share for the quarter, missing the consensus estimate of C$0.57 by C($0.25). The firm had revenue of C$402.80 million for the quarter. On average, research analysts anticipate that Wajax will post 2.6099998 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, March 14th. Wajax’s dividend payout ratio (DPR) is 41.32%.

Wajax Company Profile (Get Rating)

Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/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; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers.

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