Wajax (TSE:WJX) had its price target hoisted by investment analysts at Raymond James from C$20.00 to C$21.00 in a research note issued on Tuesday, PriceTargets.com reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price objective points to a potential downside of 6.38% from the stock’s previous close.
A number of other brokerages have also issued reports on WJX. Scotiabank lifted their price target on shares of Wajax from C$25.00 to C$26.00 in a research note on Wednesday, March 3rd. TD Securities lifted their price target on shares of Wajax from C$20.00 to C$24.00 and gave the stock a “buy” rating in a research note on Wednesday, March 3rd.
Shares of WJX traded up C$2.14 during mid-day trading on Tuesday, reaching C$22.43. 197,946 shares of the stock traded hands, compared to its average volume of 85,948. The firm has a market cap of C$479.80 million and a price-to-earnings ratio of 14.46. The stock has a fifty day simple moving average of C$19.93 and a 200 day simple moving average of C$18.24. Wajax has a 12-month low of C$7.23 and a 12-month high of C$22.62. The company has a quick ratio of 0.88, a current ratio of 2.34 and a debt-to-equity ratio of 116.46.
Wajax Corporation, an integrated distribution company, provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers construction and material-handling equipment; industrial products, such as bearings, bulk material handling, filtration, fluid handling, hydraulics, instrumentation, pneumatics, power transmissions, and safety and mill supplies, as well as sealing, belting, lubricants, and hydraulic hoses; cages and partitions, guarding and barriers, lockers, cabinets, workstations, rack accessories and protections, racking, shelving, and storage platforms; power generation solutions; crane and utility equipment, which includes aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; and forestry equipment, such as wood chippers, feller bunchers and heads, flail debarkers, forwarders, grinders, log loaders, skidders, track harvesters, and wheel harvesters.
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