TD Securities Lowers Wajax (TSE:WJX) Price Target to C$34.00

Wajax (TSE:WJX) had its target price dropped by research analysts at TD Securities from C$37.00 to C$34.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 21.17% from the company’s previous close.

Several other brokerages have also recently issued reports on WJX. Scotiabank dropped their target price on shares of Wajax from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets cut their price target on Wajax from C$36.00 to C$32.00 and set a “market perform” rating for the company in a research note on Friday.

Wajax Stock Down 0.1 %

Shares of TSE WJX traded down C$0.03 during midday trading on Monday, hitting C$28.06. The stock had a trading volume of 65,395 shares, compared to its average volume of 32,874. The company has a market cap of C$608.06 million, a P/E ratio of 7.71, a PEG ratio of 0.50 and a beta of 1.90. The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93. The business’s 50 day moving average is C$32.81 and its 200-day moving average is C$30.90. Wajax has a 52 week low of C$21.63 and a 52 week high of C$34.96.

Wajax (TSE:WJX) last released its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. The business had revenue of C$542.60 million for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. As a group, analysts predict that Wajax will post 3.9178404 EPS for the current year.

About Wajax

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.