Wajax (TSE:WJX - Free Report) had its target price upped by BMO Capital Markets from C$34.00 to C$36.00 in a report issued on Friday morning, BayStreet.CA reports.
Several other research firms also recently weighed in on WJX. Scotiabank lifted their target price on Wajax from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. TD Securities lifted their target price on Wajax from C$34.00 to C$37.00 and gave the company a buy rating in a research report on Wednesday, March 6th.
Check Out Our Latest Analysis on WJX
Wajax Stock Performance
Shares of WJX stock traded up C$1.33 on Friday, reaching C$33.47. The stock had a trading volume of 36,690 shares, compared to its average volume of 29,446. The stock has a market cap of C$725.29 million, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90. Wajax has a 1 year low of C$21.63 and a 1 year high of C$34.96. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. The company has a 50 day simple moving average of C$32.68 and a 200 day simple moving average of C$30.56.
Wajax (TSE:WJX - Get Free Report) last released its quarterly earnings results on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. The firm had revenue of C$542.60 million for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. Equities research analysts expect that Wajax will post 3.9178404 EPS for the current year.
Wajax Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.18%. This is an increase from Wajax's previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. Wajax's payout ratio is presently 38.46%.
About Wajax
(
Get Free Report)
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.
Featured Articles
Before you consider Wajax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wajax wasn't on the list.
While Wajax currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
