Wajax (TSE:WJX) Price Target Raised to C$27.00

Wajax (TSE:WJX) had its target price lifted by National Bankshares from C$25.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

WJX has been the subject of a number of other reports. BMO Capital Markets lifted their target price on shares of Wajax from C$26.00 to C$27.00 in a research note on Wednesday, November 5th. Scotiabank upped their price objective on shares of Wajax from C$26.00 to C$27.00 in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$26.50.

Wajax Stock Down 2.1%

WJX stock opened at C$28.00 on Monday. The company has a 50 day moving average of C$26.03 and a two-hundred day moving average of C$24.28. The company has a market cap of C$608.89 million, a price-to-earnings ratio of 13.40, a PEG ratio of 0.50 and a beta of 0.67. Wajax has a 12-month low of C$15.55 and a 12-month high of C$28.85. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61.

Wajax (TSE:WJX) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.75 earnings per share for the quarter. The business had revenue of C$483.15 million for the quarter. Wajax had a net margin of 2.55% and a return on equity of 10.40%. On average, equities analysts anticipate that Wajax will post 3.4850136 earnings per share for the current fiscal 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.