Wajax (TSE:WJX) PT Lowered to C$30.00 at TD Securities

Wajax (TSE:WJX) had its price target dropped by analysts at TD Securities from C$34.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 26.53% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Scotiabank cut their target price on Wajax from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. BMO Capital Markets lowered their target price on Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th.

Wajax Price Performance

Shares of TSE:WJX traded down C$0.32 during midday trading on Tuesday, hitting C$23.71. The company had a trading volume of 46,252 shares, compared to its average volume of 35,114. Wajax has a twelve month low of C$23.15 and a twelve month high of C$34.96. The company has a debt-to-equity ratio of 107.15, a current ratio of 1.91 and a quick ratio of 0.71. The stock has a market cap of C$514.51 million, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The business’s 50-day simple moving average is C$25.82 and its 200-day simple moving average is C$29.30.

Wajax Company Profile

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.