Wajax Co. (TSE:WJX) Stock Has Consensus Price Target of C$37.50

Key Points

• Analyst consensus is “Moderate Buy” for Wajax, with four hold ratings, one buy and one strong buy. The average 12-month price target is C$37.50.
• Recent target changes were mixed: Stifel Nicolaus set a C$45 buy target and National Bank Financial raised its target to C$42, while TD and Scotiabank lowered their targets to C$34 and C$36, respectively.
• Wajax shares opened at C$35.95, with a 52-week range of C$24.31–C$40.00. In its latest quarter, the company reported C$0.82 EPS and C$515.67 million in revenue, while analysts expect C$3.49 in full-year EPS.

Wajax Co. (TSE:WJX - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$37.50.

Several analysts recently weighed in on WJX shares. TD decreased their target price on 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. Stifel Nicolaus set a C$45.00 price target on Wajax and gave the stock a "buy" rating in a research report on Wednesday, September 30th. Scotiabank cut their price target on Wajax from C$37.00 to C$36.00 and set a "sector perform" rating for the company in a report on Tuesday, July 7th. Finally, National Bank Financial increased their price objective on Wajax from C$36.00 to C$42.00 and gave the company an "outperform" rating in a research report on Thursday, October 15th.

Wajax Stock Performance

TSE:WJX opened at C$35.95 on Friday. Wajax has a 1 year low of C$24.31 and a 1 year high of C$40.00. The firm's fifty day simple moving average is C$33.00 and its 200 day simple moving average is C$31.78. The company has a current ratio of 1.92, a quick ratio of 0.71 and a debt-to-equity ratio of 66.87. The firm has a market capitalization of C$782.99 million, a PE ratio of 12.23, a PEG ratio of 0.50 and a beta of 0.18.

Wajax (TSE:WJX - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%. The firm had revenue of C$515.67 million during the quarter. On average, sell-side analysts anticipate that Wajax will post 3.49 EPS for the current year.

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

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