Wajax (TSE:WJX) PT Lowered to C$32.00 at BMO Capital Markets

Wajax (TSE:WJX) had its price objective lowered by research analysts at BMO Capital Markets from C$36.00 to C$32.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 13.92% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. TD Securities raised their target price on Wajax from C$34.00 to C$37.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Scotiabank reduced their price objective on Wajax from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday.

Wajax Stock Up 0.2 %

Shares of TSE WJX opened at C$28.09 on Friday. The stock has a market capitalization of C$608.71 million, a P/E ratio of 7.72, a PEG ratio of 0.50 and a beta of 1.90. The stock’s fifty day moving average is C$32.81 and its 200 day moving average is C$30.88. Wajax has a 52 week low of C$21.63 and a 52 week high of C$34.96. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16.

Wajax (TSE:WJX) last released its earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. The firm had revenue of C$542.60 million for the quarter. Sell-side analysts forecast that Wajax will post 3.9178404 earnings per share for the current fiscal year.

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.