Wajax (TSE:WJX – Free Report) had its target price cut by TD Securities from C$37.00 to C$34.00 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other analysts have also issued reports on the stock. BMO Capital Markets cut their target price on shares of Wajax from C$36.00 to C$32.00 and set a market perform rating for the company in a research report on Friday, May 3rd. Scotiabank decreased their target price on Wajax from C$37.00 to C$35.00 and set an outperform rating on the stock in a report on Friday, May 3rd.
Check Out Our Latest Stock Analysis on WJX
Wajax Trading Up 0.8 %
Wajax (TSE:WJX – Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$542.60 million during the quarter. Wajax had a return on equity of 16.32% and a net margin of 3.69%. Research analysts forecast that Wajax will post 3.5306905 earnings per share for the current year.
Wajax Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date is Friday, June 14th. Wajax’s dividend payout ratio (DPR) is 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.
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