Wajax (TSE:WJX) PT Lowered to C$12.00 at Scotiabank

Wajax (TSE:WJX) had its price objective trimmed by Scotiabank from C$19.00 to C$12.00 in a report released on Tuesday, BayStreet.CA reports.

WJX has been the subject of several other research reports. BMO Capital Markets lowered their target price on Wajax from C$17.00 to C$16.00 in a research note on Wednesday, March 4th. TD Securities lowered their target price on Wajax from C$20.00 to C$18.50 and set a buy rating for the company in a research note on Wednesday, March 4th. Finally, Raymond James lowered their target price on Wajax from C$16.50 to C$15.00 and set a market perform rating for the company in a research note on Thursday, March 5th.

WJX opened at C$5.88 on Tuesday. Wajax has a twelve month low of C$4.90 and a twelve month high of C$17.15. The company has a 50-day simple moving average of C$12.07 and a 200 day simple moving average of C$14.52. The company has a quick ratio of 0.83, a current ratio of 2.25 and a debt-to-equity ratio of 128.41. The stock has a market capitalization of $102.86 million and a price-to-earnings ratio of 3.05.

Wajax (TSE:WJX) last posted its quarterly earnings data on Monday, March 2nd. The company reported C$0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.45 by C$0.06. The firm had revenue of C$403.90 million for the quarter. Sell-side analysts anticipate that Wajax will post 2.1700001 EPS for the current fiscal year.

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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