National Bankshares Analysts Give Wajax (TSE:WJX) a C$26.00 Price Target

Wajax (TSE:WJX) has been assigned a C$26.00 target price by investment analysts at National Bankshares in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 1.96% from the stock’s previous close.

A number of other research firms have also weighed in on WJX. TD Securities decreased their target price on shares of Wajax from C$34.00 to C$30.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Scotiabank set a C$29.00 price target on Wajax and gave the company a “sector perform” rating in a report on Wednesday, August 21st. Finally, BMO Capital Markets lowered their price objective on Wajax from C$32.00 to C$30.00 in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Wajax has a consensus rating of “Hold” and an average price target of C$28.75.

Wajax Stock Down 1.0 %

TSE WJX opened at C$25.50 on Friday. The business has a fifty day moving average price of C$25.20 and a 200 day moving average price of C$27.56. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. The company has a market cap of C$554.12 million, a P/E ratio of 8.15, a P/E/G ratio of 0.50 and a beta of 1.81. Wajax has a one year low of C$23.15 and a one year high of C$34.96.

Wajax (TSE:WJX) last released its earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. The business had revenue of C$568.30 million during the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. Research analysts anticipate that Wajax will post 3.8709677 EPS for the current fiscal year.

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.