Wajax (TSE:WJX) Price Target Cut to C$32.00

Wajax (TSE:WJXGet Free Report) had its price objective decreased by equities research analysts at BMO Capital Markets from C$36.00 to C$32.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 13.92% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Scotiabank reduced their price objective on Wajax from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities upped their price target on shares of Wajax from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th.

Get Our Latest Stock Analysis on Wajax

Wajax Trading Up 0.2 %

Shares of Wajax stock opened at C$28.09 on Friday. Wajax has a 12-month low of C$21.63 and a 12-month high of C$34.96. The stock has a market capitalization of C$608.71 million, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90. The company has a 50-day simple moving average of C$32.81 and a 200 day simple moving average of C$30.88. The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93.

Wajax (TSE:WJXGet Free Report) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$542.60 million during the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. Research analysts expect that Wajax will post 3.9178404 earnings per share for the current fiscal year.

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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