Wajax Co. (WJX.TO) – What Are Analysts Saying About This Stock?

Shares of Wajax Co. (TSE:WJX) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$37.50.

WJX has been the subject of several recent research reports. Scotiabank cut their price target on Wajax from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a report on Tuesday, July 7th. National Bank Financial lifted their price objective on Wajax from C$36.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. TD lowered their price objective on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. Finally, Stifel Nicolaus set a C$45.00 price objective on Wajax and gave the company a “buy” rating in a research report on Wednesday, September 30th.

Wajax Stock Down 0.9%

TSE WJX opened at C$35.95 on Friday. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92. The firm has a 50-day simple moving average of C$33.00 and a 200 day simple moving average of C$31.78. Wajax has a twelve month low of C$24.31 and a twelve month high of C$40.00. The stock has a market cap of C$782.99 million, a PE ratio of 12.23, a PEG ratio of 0.50 and a beta of 0.18.

Wajax (TSE:WJX) last released its earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share for the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%. The business had revenue of C$515.67 million for the quarter. On average, research analysts forecast that Wajax will post 3.49 EPS for the current year.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.