Wajax (TSE:WJX) Price Target Raised to C$28.00 at TD Securities

Wajax (TSE:WJX) had its target price boosted by TD Securities from C$25.00 to C$28.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on WJX. Scotiabank raised their price objective on shares of Wajax from C$26.00 to C$27.00 in a research note on Wednesday, November 5th. BMO Capital Markets raised their price target on shares of Wajax from C$26.00 to C$27.00 in a research report on Wednesday, November 5th. Finally, National Bankshares boosted their price objective on shares of Wajax from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Monday, December 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$27.25.

Wajax Trading Down 0.4%

Wajax stock opened at C$29.35 on Wednesday. Wajax has a 52 week low of C$15.55 and a 52 week high of C$29.60. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The firm has a market capitalization of C$638.25 million, a PE ratio of 14.04, a PEG ratio of 0.50 and a beta of 0.49. The business’s 50-day simple moving average is C$27.97 and its 200-day simple moving average is C$25.54.

Wajax (TSE:WJX) last announced its earnings results on Monday, November 3rd. The company reported C$0.75 earnings per share for the quarter. The firm had revenue of C$483.15 million during the quarter. Wajax had a return on equity of 10.40% and a net margin of 2.55%. Equities research analysts forecast that Wajax will post 3.4850136 earnings per share for the current year.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.