TD Securities Reiterates “C$24.00” Price Target for Wajax (TSE:WJX)

TD Securities set a C$24.00 price objective on Wajax (TSE:WJX) in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently issued reports on WJX. Scotiabank lowered their target price on Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. National Bankshares set a C$26.00 price objective on shares of Wajax and gave the company a “sector perform” rating in a research report on Friday, September 27th. BMO Capital Markets lowered their price target on shares of Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. Finally, National Bank Financial raised shares of Wajax to a “hold” rating in a research note on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$24.50.

Wajax Stock Down 0.8 %

Shares of WJX opened at C$21.56 on Thursday. Wajax has a 52 week low of C$20.05 and a 52 week high of C$34.96. 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 firm has a market capitalization of C$468.50 million, a price-to-earnings ratio of 6.89, a PEG ratio of 0.50 and a beta of 1.80. The business’s fifty day moving average price is C$21.61 and its two-hundred day moving average price is C$23.94.

Wajax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.35 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 6.49%. Wajax’s payout ratio is 44.73%.

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.