Wajax (TSE:WJX) Price Target Lowered to C$21.00 at TD Securities

Wajax (TSE:WJX) had its target price dropped by equities researchers at TD Securities from C$22.00 to C$21.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 20.07% from the company’s previous close.

Several other brokerages also recently issued reports on WJX. National Bankshares reduced their price objective on Wajax from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 9th. Scotiabank lowered Wajax from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$24.00 to C$22.00 in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Wajax presently has an average rating of “Hold” and a consensus price target of C$21.75.

Wajax Trading Up 0.6 %

Shares of TSE:WJX opened at C$17.49 on Thursday. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$34.66. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. The company has a market cap of C$382.24 million, a PE ratio of 7.17, a P/E/G ratio of 0.50 and a beta of 1.80. The company’s 50-day moving average price is C$17.84 and its 200 day moving average price is C$20.76.

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.