Wajax (TSE:WJX) Stock Price Crosses Above 200-Day Moving Average of $30.55

Wajax Co. (TSE:WJX) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.55 and traded as high as C$32.47. Wajax shares last traded at C$32.29, with a volume of 19,557 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WJX shares. TD Securities lifted their price target on Wajax from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their target price on Wajax from C$31.00 to C$34.00 and gave the stock a “market perform” rating in a report on Wednesday, March 6th. Finally, Scotiabank lifted their price target on Wajax from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th.

Wajax Trading Up 0.2 %

The business has a 50-day moving average price of C$32.66 and a 200-day moving average price of C$30.55. The firm has a market capitalization of C$699.72 million, a P/E ratio of 8.87, a PEG ratio of 0.50 and a beta of 1.90. The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93.

Wajax (TSE:WJX) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.83 EPS for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. The company had revenue of C$542.60 million for the quarter. Analysts anticipate that Wajax Co. will post 3.9178404 earnings per share for the current year.

Wajax Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were paid a $0.35 dividend. This is a positive change from Wajax’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 4.34%. Wajax’s dividend payout ratio is presently 38.46%.

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.