Wajax (TSE:WJX) PT Set at C$45.00 by Stifel Nicolaus

Wajax (TSE:WJX) has been given a C$45.00 price target by analysts at Stifel Nicolaus in a report released on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 24.00% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Scotiabank reduced their target price on Wajax from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a report on Tuesday, July 7th. TD dropped their price target on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a report on Monday, August 10th. Finally, National Bank Financial boosted their price objective on Wajax from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$36.50.

Wajax Stock Up 5.2%

Wajax stock opened at C$36.29 on Wednesday. Wajax has a fifty-two week low of C$22.43 and a fifty-two week high of C$36.86. The stock has a market cap of C$790.40 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.50 and a beta of 0.40. The firm’s 50-day simple moving average is C$31.43 and its 200 day simple moving average is C$31.14. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92.

Wajax (TSE:WJX) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%. The firm had revenue of C$515.67 million during the quarter. Research analysts predict that Wajax will post 3.4850136 EPS for the current fiscal 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.