Wajax (TSE:WJX - Get Free Report) was downgraded by equities researchers at TD Securities from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.
Several other analysts also recently weighed in on the company. Scotiabank increased their target price on Wajax from C$22.00 to C$23.50 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. BMO Capital Markets upped their price target on Wajax from C$20.00 to C$22.00 in a report on Tuesday, May 6th. Finally, National Bankshares decreased their price objective on Wajax from C$22.00 to C$20.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 9th.
View Our Latest Report on WJX
Wajax Stock Down 2.1%
Shares of TSE WJX traded down C$0.48 during mid-day trading on Tuesday, reaching C$22.01. 11,925 shares of the company traded hands, compared to its average volume of 68,771. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The stock has a market cap of C$481.02 million, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company's fifty day moving average is C$19.30 and its two-hundred day moving average is C$20.23. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$26.96.
About Wajax
(
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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.
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