Wajax (TSE:WJX) Price Target Lowered to C$24.00 at BMO Capital Markets

Wajax (TSE:WJX) had its target price reduced by BMO Capital Markets from C$28.00 to C$24.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Other research analysts have also issued research reports about the company. National Bank Financial raised Wajax to a “hold” rating in a report on Thursday, September 26th. National Bankshares set a C$26.00 target price on Wajax and gave the stock a “sector perform” rating in a research report on Friday, September 27th. Scotiabank dropped their price target on shares of Wajax from C$29.00 to C$24.00 in a research report on Wednesday. Finally, TD Securities decreased their price objective on shares of Wajax from C$30.00 to C$24.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$24.50.

Wajax Stock Performance

Shares of WJX opened at C$21.00 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 103.38. Wajax has a 12 month low of C$20.44 and a 12 month high of C$34.96. The company’s fifty day moving average is C$25.02 and its 200-day moving average is C$26.03. The firm has a market cap of C$456.33 million, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80.

Wajax (TSE:WJX) last posted its earnings results on Thursday, August 8th. The company reported C$1.06 EPS for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. The firm had revenue of C$568.30 million for the quarter. Equities analysts expect that Wajax will post 3.4850136 EPS for the current fiscal 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.