Wajax (TSE:WJX) Price Target Increased to C$36.00 by Analysts at BMO Capital Markets

Wajax (TSE:WJXFree Report) had its price objective boosted by BMO Capital Markets from C$34.00 to C$36.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

WJX has been the topic of a number of other research reports. TD Securities lifted their target price on Wajax from C$34.00 to C$37.00 and gave the stock a buy rating in a research report on Wednesday, March 6th. Scotiabank boosted their price target on Wajax from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Wednesday, March 6th.

Check Out Our Latest Stock Report on Wajax

Wajax Stock Up 4.1 %

WJX opened at C$33.47 on Friday. The business’s 50-day simple moving average is C$32.71 and its 200-day simple moving average is C$30.64. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. Wajax has a one year low of C$21.63 and a one year high of C$34.96. The stock has a market capitalization of C$725.29 million, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90.

Wajax (TSE:WJXGet Free Report) last posted its earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. The business had revenue of C$542.60 million for the quarter. Analysts anticipate that Wajax will post 3.9178404 EPS for the current year.

Wajax Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.18%. The ex-dividend date was Thursday, March 14th. This is a boost from Wajax’s previous quarterly dividend of $0.33. Wajax’s payout ratio is 38.46%.

About Wajax

(Get Free Report)

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.

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