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

Wajax (TSE:WJX) had its price target decreased by BMO Capital Markets from C$36.00 to C$32.00 in a report published on Friday morning, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research firms also recently weighed in on WJX. TD Securities upped their target price on Wajax from C$34.00 to C$37.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Scotiabank dropped 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 Performance

WJX stock opened at C$27.61 on Friday. The company has a 50-day simple moving average of C$32.70 and a 200 day simple moving average of C$30.89. The company has a market capitalization of C$598.31 million, a P/E ratio of 7.59, a PEG ratio of 0.50 and a beta of 1.90. The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93. Wajax has a fifty-two week low of C$21.63 and a fifty-two week high of C$34.96.

Wajax (TSE:WJX) last released its quarterly earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. The company 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%. Sell-side analysts predict that Wajax will post 3.9178404 earnings per share for the current fiscal year.

Wajax Announces Dividend

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

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.