Wajax (TSE:WJX) PT Lowered to C$30.00 at BMO Capital Markets

Wajax (TSE:WJX) had its price objective decreased by BMO Capital Markets from C$32.00 to C$30.00 in a report issued on Wednesday morning, BayStreet.CA reports.

Other research analysts have also issued research reports about the company. TD Securities decreased their target price on Wajax from C$37.00 to C$34.00 and set a buy rating for the company in a research report on Monday, May 6th. Scotiabank decreased their price objective on shares of Wajax from C$37.00 to C$35.00 and set an outperform rating for the company in a report on Friday, May 3rd.

Wajax Trading Up 1.6 %

TSE WJX opened at C$26.73 on Wednesday. The company has a market capitalization of C$580.04 million, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.88. The company has a debt-to-equity ratio of 107.15, a current ratio of 1.91 and a quick ratio of 0.71. Wajax has a 12 month low of C$24.85 and a 12 month high of C$34.96. The company’s fifty day moving average price is C$25.93 and its two-hundred day moving average price is C$29.76.

Wajax (TSE:WJX) last issued its earnings results on Wednesday, May 1st. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$482.30 million for the quarter. Wajax had a net margin of 3.69% and a return on equity of 16.32%. As a group, research analysts predict that Wajax will post 3.5283784 earnings per share for the current fiscal year.

Wajax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were paid a $0.35 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. Wajax’s payout ratio is currently 39.89%.

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.