Should I buy or sell Wajax stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wajax in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WJX shares. View WJX analyst ratings or view top-rated stocks .

What is Wajax's stock price target for 2024?

4 Wall Street analysts have issued twelve-month price objectives for Wajax's stock. Their WJX share price targets range from C$28.00 to C$37.00. On average, they expect the company's stock price to reach C$34.00 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View analysts price targets for WJX or view top-rated stocks among Wall Street analysts .

How have WJX shares performed in 2024?

Wajax's stock was trading at C$30.27 on January 1st, 2024. Since then, WJX shares have increased by 6.2% and is now trading at C$32.14. View the best growth stocks for 2024 here .

When is Wajax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our WJX earnings forecast .

How were Wajax's earnings last quarter?

Wajax Co. (TSE:WJX) issued its quarterly earnings results on Monday, March, 4th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $542.60 million for the quarter. Wajax had a net margin of 3.76% and a trailing twelve-month return on equity of 17.12%.

How often does Wajax pay dividends? What is the dividend yield for Wajax?

Wajax announced a quarterly dividend on Monday, March 4th. Investors of record on Friday, March 15th will be given a dividend of 0.35 per share on Tuesday, April 2nd. This represents a $1.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.33. Read our dividend analysis for WJX .

Is Wajax a good dividend stock?

Wajax (TSE:WJX) pays an annual dividend of C$1.40 per share and currently has a dividend yield of 4.24%. WJX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for WJX .

What other stocks do shareholders of Wajax own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wajax investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Wheaton Precious Metals (WPM) , Open Text (OTEX) , Toronto-Dominion Bank (TD) and Rogers Communications (RCI) .

How do I buy shares of Wajax?

Shares of WJX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:WJX

Wajax (WJX) Stock Price, News & Analysis

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Free WJX Stock Alerts

C$33.40

+1.26 (+3.92%)

(As of 10:51 AM ET)

Compare

Today's Range: C$32.24
▼
C$33.40
50-Day Range: C$31.51
▼
C$34.59
52-Week Range: C$21.63
▼
C$34.96

Volume: 18,161 shs
Average Volume: 29,124 shs
Market Capitalization: C$723.78 million

P/E Ratio: 9.18
Dividend Yield: 4.19%
Price Target: C$34.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Wajax alerts:

Wajax MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 5.8% Upside
C$34.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.30 out of 5 stars

1.4

Analyst's Opinion

Consensus Rating
Wajax has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Wajax has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WJX.

2.5

Dividend Strength

Dividend Leadership
Wajax is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Wajax does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Wajax is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WJX.

2.8

News and Social Media Coverage

News Sentiment
Wajax has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Wajax this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for WJX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wajax insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.90% of the stock of Wajax is held by insiders.
Percentage Held by Institutions
Only 21.86% of the stock of Wajax is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Wajax is 8.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wajax is 8.83, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 406.26.
Price to Earnings Growth Ratio
Wajax has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Wajax has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Wajax Stock (TSE:WJX)

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. It also provides bearings, bulk material handling, filtration, fluid handling, hydraulics, industrial electric motors and variable frequency drives, instrumentation, pneumatics, power transmissions, and PPE and safety supplies, as well as sealing, belting, lubricants, and hydraulic hoses; combination sweeper scrubbers, container handlers, electric ride scooters, end rider trucks, forklifts, goosenecks and ballast weights, order pickers, outdoor cleaning machines, pallet stackers and trucks, reach stackers, rider and walk behind sweepers, side loaders, utility vehicles, tow, terminal, and RoRo tractors; and equipment transport, filtration, fluid handling, mining excavators, rigid frame trucks, rope shovel, underground battery powered and drill jumbos, underground haul trucks and loaders, and underground utility trucks. In addition, the company offers power generation solutions; cages and partitions, guarding and barriers, lockers, cabinets, workstations, rack accessories and protections, racking, shelving, and storage platforms; storage system design, installation, and inspection services, as well as equipment rentals and engineered repair services. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January 2011. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada.

WJX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WJX Stock News Headlines

April 18, 2024 | americanbankingnews.com

Wajax (TSE:WJX) Shares Cross Above 200-Day Moving Average of $30.55

April 10, 2024 | americanbankingnews.com

Wajax (TSE:WJX) Share Price Passes Above 200-Day Moving Average of $30.38

April 19, 2024 | InvestorPlace (Ad)

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April 8, 2024 | finance.yahoo.com

Wajax's (TSE:WJX) investors will be pleased with their stellar 177% return over the last five years

March 7, 2024 | seekingalpha.com

Wajax Corporation (WJXFF) Q4 2023 Earnings Call Transcript

February 28, 2024 | theglobeandmail.com

Bullish on Wajax Corp.

February 20, 2024 | ca.finance.yahoo.com

Aurora, Blockchaink2, Loblaw at 52-Week Highs on News

February 12, 2024 | ca.finance.yahoo.com

Stocks in play: Verde AgriTech Ltd

April 19, 2024 | InvestorPlace (Ad)

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February 12, 2024 | finance.yahoo.com

Toronto Stock Exchange, Wajax Corp., The View From The C-Suite

January 23, 2024 | markets.businessinsider.com

TSX Ends Higher For 4th Straight Day

December 23, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Wajax Corporation's (TSE:WJX) Stock?

December 6, 2023 | finance.yahoo.com

When Should You Buy Wajax Corporation (TSE:WJX)?

November 11, 2023 | morningstar.com

Wajax Corp WJX

November 8, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp down on Wednesday (WJX)

November 6, 2023 | finance.yahoo.com

Wajax Corporation (TSE:WJX) Shares Could Be 31% Below Their Intrinsic Value Estimate

November 2, 2023 | baystreet.ca

Cameco, Natural Resources at 52-Week Highs on News

October 25, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp 6.00 Pct Debs down on Monday (WJX-DB)

October 20, 2023 | finance.yahoo.com

Wajax's (TSE:WJX) investors will be pleased with their strong 149% return over the last three years

October 4, 2023 | finance.yahoo.com

Should You Be Adding Wajax (TSE:WJX) To Your Watchlist Today?

September 29, 2023 | theglobeandmail.com

This TSX industrial dividend stock is up 42% this year. Here’s why its CEO expects strong growth ahead

September 18, 2023 | markets.businessinsider.com

Canadian Shares Losing Ground In Cautious Trade

September 14, 2023 | finance.yahoo.com

WJX.TO - Wajax Corporation

September 1, 2023 | finance.yahoo.com

WAJAX ACQUIRES BETA FLUID POWER AND BETA INDUSTRIAL

August 15, 2023 | msn.com

2 Stocks That Could Be Worth More Than HOT STOCKS by 2025

August 14, 2023 | markets.businessinsider.com

Wajax Corporation (WJX) Receives a Buy from TD Securities

August 11, 2023 | ca.finance.yahoo.com

WAJAX ANNOUNCES 2023 SECOND QUARTER RESULTS

See More Headlines

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Company Calendar

Last Earnings: 3/04/2024
Ex-Dividend for 4/2 Dividend: 3/14/2024
Dividend Payable: 4/02/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Industrial Distribution
Sub-Industry: N/A
Current Symbol: TSE:WJX
CUSIP: N/A
CIK: N/A
Web: www.wajax.com
Phone: +1-905-2123300
Fax: N/A
Employees: 3,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$34.00
High Stock Price Target: C$37.00
Low Stock Price Target: C$28.00
Potential Upside/Downside: +5.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.64
Trailing P/E Ratio: 8.83
Forward P/E Ratio: 8.20
P/E Growth: 0.5
Net Income: C$80.99 million
Net Margins: 3.76%
Pretax Margin: N/A
Return on Equity: 17.12%
Return on Assets: 6.22%

Debt

Debt-to-Equity Ratio: 100.93
Current Ratio: 2.16
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: C$2.15 billion
Price / Sales: 0.32
Cash Flow: C$0.13 per share
Price / Cash Flow: 243.58
Book Value: C$22.90 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 21,670,000
Free Float: N/A
Market Cap: C$696.47 million
Optionable: Not Optionable
Beta: 1.90

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Key Executives

Mr. Ignacy P. Domagalski (Age 44)
President, CEO & Director
Comp: $1.37M
Mr. Stuart H. Auld
Chief Financial Officer
Mr. Andrew W. H. Tam
General Counsel & Corporate Secretary
Andre Dube
Senior VP of Sales & Operations
Mr. Gregory Dean Abtosway
Vice President of Corporate Development
Mr. Mark Edgar
Chief People Officer
Mr. Cristian Rodriguez
Vice President of Safety, Sustainability and People
Brian Robert Deacon
Senior Vice President of Category Management
Ms. Tania Casadinho
VP & Corporate Controller

Key Competitors

View All Competitors

WJX Stock Analysis - Frequently Asked Questions

Should I buy or sell Wajax stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wajax in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WJX shares.
View WJX analyst ratings or view top-rated stocks.
What is Wajax's stock price target for 2024?: 4 Wall Street analysts have issued twelve-month price objectives for Wajax's stock. Their WJX share price targets range from C$28.00 to C$37.00. On average, they expect the company's stock price to reach C$34.00 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
View analysts price targets for WJX or view top-rated stocks among Wall Street analysts.
How have WJX shares performed in 2024?: Wajax's stock was trading at C$30.27 on January 1st, 2024. Since then, WJX shares have increased by 6.2% and is now trading at C$32.14.
View the best growth stocks for 2024 here.
When is Wajax's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our WJX earnings forecast.
How were Wajax's earnings last quarter?: Wajax Co. (TSE:WJX) issued its quarterly earnings results on Monday, March, 4th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $542.60 million for the quarter. Wajax had a net margin of 3.76% and a trailing twelve-month return on equity of 17.12%.

How often does Wajax pay dividends? What is the dividend yield for Wajax?: Wajax announced a quarterly dividend on Monday, March 4th. Investors of record on Friday, March 15th will be given a dividend of 0.35 per share on Tuesday, April 2nd. This represents a $1.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.33.
Read our dividend analysis for WJX.
Is Wajax a good dividend stock?: Wajax (TSE:WJX) pays an annual dividend of C$1.40 per share and currently has a dividend yield of 4.24%. WJX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WJX.
What other stocks do shareholders of Wajax own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wajax investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Wheaton Precious Metals (WPM), Open Text (OTEX), Toronto-Dominion Bank (TD) and Rogers Communications (RCI).
How do I buy shares of Wajax?: Shares of WJX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WJX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Wajax (WJX) Stock Price, News & Analysis

Wajax MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Wajax Stock (TSE:WJX)

WJX Stock Price History

WJX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

WJX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™