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

Wajax (TSE:WJX) had its target price lowered by investment analysts at TD Securities from C$37.00 to C$34.00 in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 27.29% from the company’s current price.

A number of other research analysts also recently commented on the company. Scotiabank lowered their target price on Wajax from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. BMO Capital Markets lowered their target price on Wajax from C$36.00 to C$32.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd.

Wajax Trading Down 3.3 %

WJX stock opened at C$26.71 on Monday. Wajax has a 1-year low of C$21.63 and a 1-year high of C$34.96. The company has a debt-to-equity ratio of 107.15, a current ratio of 1.91 and a quick ratio of 0.71. The company has a market capitalization of C$579.61 million, a price-to-earnings ratio of 7.61, a PEG ratio of 0.50 and a beta of 1.90. The business has a 50 day simple moving average of C$32.55 and a two-hundred day simple moving average of C$30.88.

Wajax (TSE:WJX) last posted its quarterly earnings results on Monday, March 4th. The company reported C$0.83 earnings per share for the quarter. Wajax had a return on equity of 16.32% and a net margin of 3.69%. The business had revenue of C$542.60 million during the quarter. Research analysts anticipate that Wajax will post 3.5306905 EPS for the current fiscal year.

About Wajax

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.