Wajax (TSE:WJX - Free Report) had its target price hoisted by BMO Capital Markets from C$22.00 to C$25.00 in a report released on Tuesday morning,BayStreet.CA reports.
WJX has been the subject of a number of other reports. TD Securities cut Wajax from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. National Bankshares decreased their price objective on Wajax from C$22.00 to C$20.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 9th. Finally, Scotiabank increased their target price on Wajax from C$22.00 to C$23.50 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th.
View Our Latest Stock Analysis on Wajax
Wajax Price Performance
TSE:WJX remained flat at C$23.30 during trading hours on Tuesday. The company's stock had a trading volume of 25,866 shares, compared to its average volume of 56,817. The company's fifty day moving average is C$22.98 and its 200 day moving average is C$20.54. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. The firm has a market capitalization of C$509.21 million, a P/E ratio of 9.55, a P/E/G ratio of 0.50 and a beta of 1.80. Wajax has a 12-month low of C$15.55 and a 12-month high of C$26.93.
About Wajax
(
Get Free Report)
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.
Recommended Stories
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access