Wajax (TSE:WJX) Price Target Cut to C$24.00 by Analysts at TD Securities

Wajax (TSE:WJX) had its price objective trimmed by TD Securities from C$30.00 to C$24.00 in a research note released on Wednesday morning, BayStreet.CA reports.

WJX has been the subject of a number of other research reports. National Bank Financial upgraded Wajax to a “hold” rating in a research note on Thursday, September 26th. National Bankshares set a C$26.00 price target on Wajax and gave the company a “sector perform” rating in a report on Friday, September 27th. Scotiabank set a C$29.00 price objective on shares of Wajax and gave the stock a “sector perform” rating in a research note on Wednesday, August 21st. Finally, BMO Capital Markets cut their target price on shares of Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$24.50.

Wajax Stock Up 2.0 %

Wajax stock opened at C$21.00 on Wednesday. The business has a fifty day moving average price of C$25.02 and a 200-day moving average price of C$26.03. Wajax has a 1-year low of C$20.44 and a 1-year high of C$34.96. The stock has a market capitalization of C$456.33 million, a price-to-earnings ratio of 6.71, a PEG ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71.

Wajax (TSE:WJX) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. Wajax had a return on equity of 14.06% and a net margin of 3.32%. The firm had revenue of C$568.30 million during the quarter. Equities research analysts forecast that Wajax will post 3.4850136 EPS for the current fiscal year.

About Wajax

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.