Shares of Wajax Co. (TSE:WJX - Get Free Report) were down 16.8% on Thursday . The stock traded as low as C$27.42 and last traded at C$28.05. Approximately 110,124 shares changed hands during mid-day trading, an increase of 272% from the average daily volume of 29,570 shares. The stock had previously closed at C$33.72.
Analyst Upgrades and Downgrades
A number of research firms have commented on WJX. Scotiabank boosted their price target on shares of Wajax from C$36.00 to C$37.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on Wajax from C$34.00 to C$36.00 in a report on Friday, April 19th. Finally, TD Securities increased their price target on Wajax from C$34.00 to C$37.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th.
Get Our Latest Stock Report on WJX
Wajax Price Performance
The company has a fifty day simple moving average of C$32.99 and a 200-day simple moving average of C$30.90. The company has a market cap of C$607.41 million, a P/E ratio of 7.70, a PEG ratio of 0.50 and a beta of 1.90. The company has a debt-to-equity ratio of 100.93, a current ratio of 2.16 and a quick ratio of 0.71.
Wajax (TSE:WJX - Get Free Report) last announced its earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$542.60 million during the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. On average, sell-side analysts predict that Wajax Co. will post 3.9178404 earnings per share for the current year.
Wajax Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were paid a dividend of $0.35 per share. This is an increase from Wajax's previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Thursday, March 14th. Wajax's payout ratio is 38.46%.
About Wajax
(
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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.
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