Wajax (TSE:WJX) Price Target Raised to C$34.00

Wajax (TSE:WJX) had its target price boosted by TD Securities from C$28.00 to C$34.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts also recently commented on WJX. BMO Capital Markets lifted their price target on Wajax from C$26.00 to C$27.00 in a research report on Wednesday, November 5th. National Bank Financial raised Wajax from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$27.00 to C$37.00 in a research report on Tuesday. Finally, 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. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Wajax currently has an average rating of “Hold” and an average target price of C$34.75.

Wajax Trading Down 0.3%

Shares of TSE:WJX opened at C$33.66 on Wednesday. The company has a debt-to-equity ratio of 78.49, a quick ratio of 0.71 and a current ratio of 2.14. The stock’s 50-day moving average is C$29.38 and its 200-day moving average is C$26.70. The company has a market cap of C$731.97 million, a P/E ratio of 16.11, a P/E/G ratio of 0.50 and a beta of 0.66. Wajax has a 52-week low of C$15.55 and a 52-week high of C$34.88.

Wajax (TSE:WJX) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.71 earnings per share for the quarter. Wajax had a return on equity of 10.91% and a net margin of 2.68%.The business had revenue of C$560.05 million during the quarter. Equities research analysts predict that Wajax will post 3.4850136 earnings per share for the current year.

About Wajax

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.