Wajax (WJX) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Wajax (TSE: WJX) in the last few weeks:

• 5/6/2024 – Wajax had its price target lowered by analysts at TD Securities from C$37.00 to C$34.00. They now have a “buy” rating on the stock.
• 5/3/2024 – Wajax had its price target lowered by analysts at Scotiabank from C$37.00 to C$35.00. They now have an “outperform” rating on the stock.
• 5/3/2024 – Wajax had its price target lowered by analysts at BMO Capital Markets from C$36.00 to C$32.00. They now have a “market perform” rating on the stock.
• 4/19/2024 – Wajax had its price target raised by analysts at BMO Capital Markets from C$34.00 to C$36.00.

Wajax Stock Down 1.7 %

WJX opened at C$27.61 on Tuesday. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. The company has a market cap of C$598.31 million, a price-to-earnings ratio of 7.59, a PEG ratio of 0.50 and a beta of 1.90. Wajax Co. has a one year low of C$21.63 and a one year high of C$34.96. The business’s fifty day moving average is C$32.70 and its two-hundred day moving average is C$30.89.

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

Wajax Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.07%. Wajax’s payout ratio is currently 38.46%.

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.