TD Securities Lowers Wajax (TSE:WJX) Price Target to C$34.00

Wajax (TSE:WJXGet Free Report) had its price objective lowered by TD Securities from C$37.00 to C$34.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 23.37% from the stock’s previous close.

Separately, BMO Capital Markets increased their price objective on Wajax from C$30.00 to C$31.00 in a research report on Thursday, October 12th.

View Our Latest Report on WJX

Wajax Stock Performance

WJX opened at C$27.56 on Thursday. The company has a market capitalization of C$592.26 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.50 and a beta of 2.05. The company has a debt-to-equity ratio of 88.11, a current ratio of 1.86 and a quick ratio of 0.71. Wajax has a 1-year low of C$18.75 and a 1-year high of C$32.57. The business has a 50 day moving average price of C$29.04 and a two-hundred day moving average price of C$26.53.

Wajax (TSE:WJXGet Free Report) last released its earnings results on Thursday, August 10th. The company reported C$1.22 earnings per share for the quarter. The firm had revenue of C$586.20 million during the quarter. Wajax had a return on equity of 18.08% and a net margin of 3.84%. Research analysts predict that Wajax will post 4.1884817 EPS for the current fiscal year.

Wajax Company Profile

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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, forwarders, grinders, harvesting heads, log loaders, skidders, track and wheel harvesters, and woodchippers.

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