Scotiabank Weighs in on Wajax's FY2027 Earnings (TSE:WJX)

Key Points

• Scotiabank nudged up its FY2027 EPS estimate for Wajax to $3.72 from $3.70 and maintains a "Sector Perform" rating with a $38.00 price target; the consensus full‑year EPS is $3.49.
• Brokerage coverage is mixed: BMO cut its target to C$34.00 (market perform), TD raised its target to C$34.00 (hold), and National Bank upgraded Wajax to "outperform" with a C$37.00 target, leaving a consensus "Hold" rating and an average target of C$35.75.
• Wajax shares opened at C$34.31, trading near a 52‑week high of C$34.88, with a market cap of C$748.6M and a P/E of 13.3, suggesting the stock is valued modestly relative to earnings.

Wajax Co. (TSE:WJX - Free Report) - Analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for Wajax in a note issued to investors on Friday, May 1st. Scotiabank analyst J. Goldman now expects that the company will earn $3.72 per share for the year, up from their prior forecast of $3.70. Scotiabank has a "Sector Perform" rating and a $38.00 price objective on the stock. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.

Several other brokerages have also recently commented on WJX. BMO Capital Markets dropped their price target on shares of Wajax from C$40.00 to C$34.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 4th. TD Securities raised their price objective on shares of Wajax from C$28.00 to C$34.00 and gave the company a "hold" rating in a research report on Wednesday, March 4th. Finally, National Bank Financial upgraded shares of Wajax from a "hold" rating to an "outperform" rating and boosted their target price for the stock from C$27.00 to C$37.00 in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Wajax presently has a consensus rating of "Hold" and an average target price of C$35.75.

Wajax Stock Performance

Shares of WJX stock opened at C$34.31 on Monday. The stock has a 50-day simple moving average of C$32.32 and a 200 day simple moving average of C$29.10. Wajax has a fifty-two week low of C$17.96 and a fifty-two week high of C$34.88. The stock has a market capitalization of C$748.58 million, a P/E ratio of 13.30, a P/E/G ratio of 0.50 and a beta of 0.59. The company has a quick ratio of 0.71, a current ratio of 2.14 and a debt-to-equity ratio of 78.49.

Wajax (TSE:WJX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.71 earnings per share (EPS) for the quarter. Wajax had a return on equity of 10.91% and a net margin of 2.68%.The company had revenue of C$560.05 million for the quarter.

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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