Wajax Co. (TSE:WJX) Stock Has Consensus Price Target of C$36.50

Key Points

• Analyst consensus on Wajax is “Hold.” Four of six analysts recommend holding the stock, while two recommend buying it; the average 12-month price target is C$36.50.
• Recent analyst targets range from C$34.00 to C$45.00, with Scotiabank and TD lowering their targets while National Bank Financial raised its objective.
• Wajax shares recently traded at C$36.40, near the consensus target and 12-month high of C$36.86. The company reported quarterly EPS of C$0.82 on revenue of C$515.67 million.

Wajax Co. (TSE:WJX - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$36.50.

A number of equities research analysts have recently commented on WJX shares. Scotiabank cut their price objective on Wajax from C$37.00 to C$36.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 7th. Stifel Nicolaus set a C$45.00 price target on shares of Wajax and gave the company a "buy" rating in a research report on Wednesday. National Bank Financial raised their price objective on Wajax from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Finally, TD decreased their target price on shares of Wajax from C$35.00 to C$34.00 and set a "hold" rating for the company in a research note on Monday, August 10th.

Wajax Stock Performance

Shares of WJX traded up C$1.89 during mid-day trading on Wednesday, reaching C$36.40. 2,276 shares of the company's stock traded hands, compared to its average volume of 67,899. Wajax has a 12 month low of C$22.43 and a 12 month high of C$36.86. The stock has a market capitalization of C$792.79 million, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 0.50 and a beta of 0.40. The business's 50-day moving average price is C$31.43 and its 200-day moving average price is C$31.14. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92.

Wajax (TSE:WJX - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. The firm had revenue of C$515.67 million for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%. Equities analysts predict that Wajax will post 3.4850136 earnings per share for the current year.

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. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.

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