Wajax (TSE:WJX) Shares Cross Above 200 Day Moving Average of $30.21

Shares of Wajax Co. (TSE:WJX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.21 and traded as high as C$33.30. Wajax shares last traded at C$33.14, with a volume of 31,882 shares.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Securities raised their target price on shares of Wajax from C$34.00 to C$37.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. BMO Capital Markets raised their target price on shares of Wajax from C$31.00 to C$34.00 and gave the stock a "market perform" rating in a report on Wednesday, March 6th. Finally, Scotiabank raised their target price on shares of Wajax from C$36.00 to C$37.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th.

Wajax Stock Down 0.0 %

The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93. The company has a market capitalization of C$717.93 million, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.50 and a beta of 1.90. The stock's fifty day moving average price is C$32.46 and its 200-day moving average price is C$30.24.

Wajax (TSE:WJX - Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. The company had revenue of C$542.60 million for the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. On average, sell-side analysts predict that Wajax Co. will post 3.9192399 earnings per share for the current fiscal year.

Wajax Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.23%. This is an increase from Wajax's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, March 14th. Wajax's payout ratio is presently 38.46%.

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.