Wajax (TSE:WJX) Price Target Cut to C$35.00

Wajax (TSE:WJX) had its price objective reduced by equities research analysts at Scotiabank from C$37.00 to C$35.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 24.60% from the stock’s previous close.

A number of other equities analysts have also weighed in on WJX. BMO Capital Markets boosted their price objective on shares of Wajax from C$34.00 to C$36.00 in a research report on Friday, April 19th. TD Securities boosted their price objective on shares of Wajax from C$34.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th.

Wajax Price Performance

Shares of WJX traded up C$0.06 during mid-day trading on Friday, hitting C$28.09. 124,662 shares of the company were exchanged, compared to its average volume of 32,501. Wajax has a 1-year low of C$21.63 and a 1-year high of C$34.96. The stock has a market cap of C$608.71 million, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. The company has a 50 day moving average of C$32.90 and a 200-day moving average of C$30.88.

Wajax (TSE:WJX) last announced its quarterly earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. The firm had revenue of C$542.60 million for the quarter. Analysts expect that Wajax will post 3.9178404 EPS for the current fiscal year.

Wajax Company Profile

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.