TD Securities Forecasts Strong Price Appreciation for Wajax (TSE:WJX) Stock

Wajax (TSE:WJX) had its target price lifted by TD Securities from C$24.00 to C$25.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages also recently issued reports on WJX. BMO Capital Markets boosted their price objective on shares of Wajax from C$22.00 to C$25.00 in a research report on Tuesday, July 22nd. Scotiabank boosted their price objective on shares of Wajax from C$22.00 to C$23.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th.

Wajax Trading Up 0.5%

Shares of WJX stock opened at C$22.00 on Monday. Wajax has a 1 year low of C$15.55 and a 1 year high of C$26.20. The firm has a fifty day moving average price of C$23.05 and a 200-day moving average price of C$20.69. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. The company has a market cap of C$480.80 million, a price-to-earnings ratio of 9.02, a PEG ratio of 0.50 and a beta of 1.80.

About Wajax

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.