National Bankshares Issues Positive Forecast for Wajax (TSE:WJX) Stock Price

Wajax (TSE:WJX) had its price objective hoisted by investment analysts at National Bankshares from C$25.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential downside of 3.64% from the company’s current price.

A number of other research analysts have also recently issued reports on WJX. Scotiabank boosted their target price on Wajax from C$26.00 to C$27.00 in a research note on Wednesday, November 5th. BMO Capital Markets boosted their price objective on Wajax from C$26.00 to C$27.00 in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$26.50.

Wajax Trading Up 0.5%

TSE WJX traded up C$0.15 during trading on Monday, reaching C$28.02. 34,675 shares of the stock traded hands, compared to its average volume of 50,129. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$28.30. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. The firm has a market cap of C$609.32 million, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.50 and a beta of 0.67. The stock’s 50-day moving average price is C$25.77 and its 200 day moving average price is C$24.17.

Wajax (TSE:WJX) last announced its quarterly earnings results on Monday, November 3rd. The company reported C$0.75 earnings per share for the quarter. Wajax had a net margin of 2.55% and a return on equity of 10.40%. The company had revenue of C$483.15 million for the quarter. Analysts predict that Wajax will post 3.4850136 EPS 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.