Wajax (WJXFF) Stock Price, News & Analysis

Company Overview

Wajax Corporation is a Canadian industrial products and services company that supplies equipment, components and technical solutions to customers across a range of industrial sectors. Its offerings support applications involving power generation, material handling, mobile equipment, fluid handling, process systems and industrial machinery.

The company distributes products such as engines, transmissions, generators, hydraulic and pneumatic components, bearings, power-transmission equipment, automation systems and other industrial parts. Wajax also provides equipment rentals, repair and maintenance, field service, engineered solutions and remanufacturing services, helping customers maintain and improve the performance of their operations.

Founded in 1858, Wajax has developed a nationwide Canadian operating presence serving industries including natural resources, construction, utilities, manufacturing, transportation and energy. The company operates through a network of branches and service locations across Canada and is publicly traded on the Toronto Stock Exchange under the symbol WJX.

Key Stats

• Today's Range: $23.20 to $23.97
• 50-Day Range: $21.19 to $27.79
• 52-Week Range: $18.60 to $27.79
• Volume: 13,205 shs
• Average Volume: 9,272 shs
• Market Capitalization: N/A
• P/E Ratio: 9.35
• Dividend Yield: 10.34%
• Price Target: $45.00
• Consensus Rating: Hold

Wajax Stock Analysis - MarketRank™

Wajax scored higher than 41% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Wajax has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 1 hold rating, and no sell ratings.

Upside Potential

Wajax has a consensus price target of $45.00, representing about 94.0% upside from its current price of $23.20.

Amount of Analyst Coverage

Wajax has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Wajax is 9.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Wajax is 9.35, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 32.30.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Wajax has a short interest ratio ("days to cover") of 23.62, which indicates bearish sentiment.

Change versus previous month

Short interest in Wajax has recently increased by 2.41%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Wajax is a leading dividend payer. It pays a dividend yield of 10.13%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Wajax does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Wajax is 96.71%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.25

News Sentiment

Wajax has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Wajax this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.4 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Wajax insiders have not sold or bought any company stock.

Percentage Held by Institutions

32.37% of the stock of Wajax is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Industrials
• Industry: Trading Companies & Distributors
• Sub-Industry: Trading Companies & Distributors
• Current Symbol: OTCMKTS:WJXFF
• CIK: N/A
• Web: www.wajax.com
• Phone: (905) 212-3300
• Fax: N/A
• Employees: 2,900
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Wajax: $45.00
• High Price Target: $45.00
• Low Price Target: $45.00
• Potential Upside/Downside: +94.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 9.35
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A