Wajax (TSE:WJX) PT Lowered to C$34.00

Wajax (TSE:WJX - Free Report) had its price objective reduced by TD Securities from C$37.00 to C$34.00 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on WJX. Scotiabank cut their target price on Wajax from C$37.00 to C$35.00 and set an outperform rating on the stock in a research note on Friday. BMO Capital Markets dropped their price objective on Wajax from C$36.00 to C$32.00 and set a market perform rating on the stock in a research note on Friday.

Wajax Stock Down 1.7 %

Shares of TSE:WJX traded down C$0.48 during trading on Monday, hitting C$27.61. 86,727 shares of the company's stock traded hands, compared to its average volume of 33,117. Wajax has a 52 week low of C$21.63 and a 52 week high of C$34.96. The company has a current ratio of 2.16, a quick ratio of 0.71 and a debt-to-equity ratio of 100.93. The company has a market cap of C$598.31 million, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90. The company has a 50-day moving average price of C$32.81 and a 200-day moving average price of C$30.90.

Wajax (TSE:WJX - Get Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. The business had revenue of C$542.60 million for the quarter. As a group, research analysts forecast that Wajax will post 3.9178404 EPS for the current fiscal year.

Wajax Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.07%. Wajax's dividend 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.