Wajax (TSE:WJX) Price Target Raised to C$42.00

Wajax (TSE:WJX) had its price target lifted by National Bank Financial from C$36.00 to C$42.00 in a research report released on Thursday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

WJX has been the topic of a number of other research reports. TD decreased their price target on shares of Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. Stifel Nicolaus set a C$45.00 price objective on shares of Wajax and gave the company a “buy” rating in a research note on Wednesday, September 30th. Finally, Scotiabank dropped their price objective on shares of Wajax from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.50.

Wajax Price Performance

Shares of TSE:WJX opened at C$37.47 on Thursday. The firm has a market capitalization of C$816.10 million, a PE ratio of 12.74, a PEG ratio of 0.50 and a beta of 0.18. The company has a current ratio of 1.92, a quick ratio of 0.71 and a debt-to-equity ratio of 66.87. Wajax has a 1-year low of C$22.44 and a 1-year high of C$40.00. The business’s 50 day moving average is C$32.47 and its 200-day moving average is C$31.63.

Wajax (TSE:WJX) last issued its earnings results on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. The business had revenue of C$515.67 million during the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%. Sell-side analysts predict that Wajax will post 3.49 earnings per share for the current 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. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.