Wajax (TSE:WJX) had its price objective boosted by investment analysts at TD Securities from C$33.00 to C$35.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 38.23% from the company’s previous close.

A number of other research firms have also recently issued reports on WJX. Raymond James lifted their target price on shares of Wajax from C$28.50 to C$29.50 and gave the company a “market perform” rating in a research note on Monday, August 13th. BMO Capital Markets lifted their target price on shares of Wajax from C$27.00 to C$29.00 in a research note on Monday, August 13th.

TSE WJX traded up C$0.46 during trading on Wednesday, reaching C$25.32. The company’s stock had a trading volume of 22,224 shares, compared to its average volume of 26,611. Wajax has a 1-year low of C$20.98 and a 1-year high of C$28.17.

Wajax (TSE:WJX) last posted its earnings results on Thursday, August 9th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$382.73 million during the quarter. Wajax had a net margin of 3.03% and a return on equity of 13.12%.

About Wajax

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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