Should I buy or sell Wajax stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wajax in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WJX shares. View WJX analyst ratings or view top-rated stocks .

What is Wajax's stock price target for 2024?

2 analysts have issued 12 month price targets for Wajax's shares. Their WJX share price targets range from C$28.00 to C$34.00. On average, they predict the company's stock price to reach C$30.75 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View analysts price targets for WJX or view top-rated stocks among Wall Street analysts .

How have WJX shares performed in 2023?

Wajax's stock was trading at C$19.73 on January 1st, 2023. Since then, WJX shares have increased by 34.6% and is now trading at C$26.55. View the best growth stocks for 2023 here .

When is Wajax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 4th 2024. View our WJX earnings forecast .

How were Wajax's earnings last quarter?

Wajax Co. (TSE:WJX) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.93 EPS for the quarter. The company earned $509.70 million during the quarter. Wajax had a trailing twelve-month return on equity of 18.56% and a net margin of 4.02%.

How often does Wajax pay dividends? What is the dividend yield for Wajax?

Wajax declared a quarterly dividend on Monday, November 6th. Stockholders of record on Friday, December 15th will be given a dividend of 0.33 per share on Wednesday, January 3rd. This represents a $1.32 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for WJX .

Is Wajax a good dividend stock?

Wajax (TSE:WJX) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 4.98%. WJX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.85%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for WJX .

What other stocks do shareholders of Wajax own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wajax investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Open Text (OTEX) , Toronto-Dominion Bank (TD) and Rogers Communications (RCI) .

How do I buy shares of Wajax?

Shares of WJX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Wajax Stock Price, News & Analysis (TSE:WJX)

C$26.55

-0.08 (-0.30%)

(As of 11/29/2023 ET)

Compare

Today's Range: C$26.41
▼
C$26.90
50-Day Range: C$26.43
▼
C$32.08
52-Week Range: C$18.75
▼
C$32.57

Volume: 37,777 shs
Average Volume: 35,435 shs
Market Capitalization: C$570.56 million

P/E Ratio: 6.81
Dividend Yield: 4.97%
Price Target: C$30.75

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Wajax MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.8% Upside
C$30.75 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Wajax has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$30.75, Wajax has a forecasted upside of 15.8% from its current price of C$26.55.
Amount of Analyst Coverage
Wajax has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WJX.

2.5

Dividend Strength

Dividend Leadership
Wajax is a leading dividend payer. It pays a dividend yield of 4.98%, 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 33.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WJX.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Wajax this week, compared to 0 articles on an average week.
MarketBeat Follows
1 people have added Wajax to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wajax insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.84% of the stock of Wajax is held by insiders.
Percentage Held by Institutions
Only 10.32% of the stock of Wajax is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Wajax is 6.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wajax is 6.81, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 432.01.
Price to Earnings Growth Ratio
Wajax has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Wajax has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wajax Stock (TSE:WJX)

Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/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; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, skidders, track and wheel harvesters, and woodchippers. It also provides bearings, bulk material handling, filtration, fluid handling, hydraulics, industrial electric motors and variable frequency drives, instrumentation, pneumatics, power transmissions, and safety and mill supplies, as well as sealing, belting, lubricants, and hydraulic hoses; combination sweeper scrubbers, container handlers, electric ride scooters, end rider trucks, forklifts, order pickers, pallet stackers and trucks, reach stackers, rider and walk behind sweepers, side loaders, tow tractors, and utility vehicles; and equipment transport, filtration, fluid handling, mining excavators, rigid frame trucks, rope shovel, underground battery powered and drill jumbos, underground haul trucks and loaders, underground roof bolters and scaling machines, and underground utility trucks. In addition, the company offers power generation solutions; and cages and partitions, guarding and barriers, lockers, cabinets, workstations, rack accessories and protections, racking, shelving, and storage platforms, as well as storage system design, installation, and inspection services. Further, it offers equipment rentals, equipment parts and support, and engineered repair services. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January 2011. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada.

WJX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WJX Stock News Headlines

November 25, 2023 | americanbankingnews.com

Wajax (TSE:WJX) Stock Price Passes Above Two Hundred Day Moving Average of $26.76

November 11, 2023 | morningstar.com

Wajax Corp WJX

November 30, 2023 | Autonomix (Ad)

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November 8, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp down on Wednesday (WJX)

November 6, 2023 | finance.yahoo.com

Wajax Corporation (TSE:WJX) Shares Could Be 31% Below Their Intrinsic Value Estimate

November 2, 2023 | baystreet.ca

Cameco, Natural Resources at 52-Week Highs on News

October 25, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp 6.00 Pct Debs down on Monday (WJX-DB)

October 20, 2023 | finance.yahoo.com

Wajax's (TSE:WJX) investors will be pleased with their strong 149% return over the last three years

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

October 4, 2023 | finance.yahoo.com

Should You Be Adding Wajax (TSE:WJX) To Your Watchlist Today?

September 29, 2023 | theglobeandmail.com

This TSX industrial dividend stock is up 42% this year. Here’s why its CEO expects strong growth ahead

September 18, 2023 | markets.businessinsider.com

Canadian Shares Losing Ground In Cautious Trade

September 14, 2023 | finance.yahoo.com

WJX.TO - Wajax Corporation

September 1, 2023 | finance.yahoo.com

WAJAX ACQUIRES BETA FLUID POWER AND BETA INDUSTRIAL

August 15, 2023 | msn.com

2 Stocks That Could Be Worth More Than HOT STOCKS by 2025

August 14, 2023 | markets.businessinsider.com

Wajax Corporation (WJX) Receives a Buy from TD Securities

August 11, 2023 | ca.finance.yahoo.com

WAJAX ANNOUNCES 2023 SECOND QUARTER RESULTS

July 18, 2023 | ca.finance.yahoo.com

$1,000 in These Stocks Could Be Worth a Future Fortune

July 16, 2023 | finance.yahoo.com

Is Wajax Corporation's (TSE:WJX) Recent Stock Performance Tethered To Its Strong Fundamentals?

July 11, 2023 | baystreet.ca

Celestica, DRI, 1CM at 52-Week Highs

July 5, 2023 | theglobeandmail.com

Wednesday’s TSX breakouts: A stock with earnings beats, price appreciation, 5% yield and reasonable valuation

July 4, 2023 | finance.yahoo.com

WAJAX ACQUIRES POLYPHASE ENGINEERED CONTROLS

May 14, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of Wajax Corporation (TSE:WJX)

April 27, 2023 | finance.yahoo.com

Is Now The Time To Put Wajax (TSE:WJX) On Your Watchlist?

April 21, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp up on Friday (WJX)

April 20, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp up on Wednesday (WJX)

April 10, 2023 | theglobeandmail.com

Closing Bell: Wajax Corp up on Monday (WJX)

See More Headlines

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Company Calendar

Ex-Dividend for 10/3 Dividend: 9/14/2023
Dividend Payable: 10/03/2023
Last Earnings: 11/06/2023
Today: 11/29/2023
Ex-Dividend for 1/3 Dividend: 12/14/2023
Dividend Payable: 1/03/2024
Next Earnings (Estimated): 3/04/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Industrial Distribution
Sub-Industry: N/A
Sector: Industrials
Current Symbol: TSE:WJX
CUSIP: N/A
CIK: N/A
Web: www.wajax.com
Phone: +1-905-2123300
Fax: N/A
Employees: 3,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$30.75
High Stock Price Target: C$34.00
Low Stock Price Target: C$28.00
Potential Upside/Downside: +15.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.90
Trailing P/E Ratio: 6.81
Forward P/E Ratio: 6.36
P/E Growth: 0.5
Net Income: C$86.52 million
Net Margins: 4.02%
Pretax Margin: N/A
Return on Equity: 18.56%
Return on Assets: 6.40%

Debt

Debt-to-Equity Ratio: 106.97
Current Ratio: 2.18
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: C$2.15 billion
Price / Sales: 0.27
Cash Flow: C$0.11 per share
Price / Cash Flow: 243.58
Book Value: C$23.00 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 21,490,000
Free Float: N/A
Market Cap: C$570.56 million
Optionable: Not Optionable
Beta: 2.00

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Key Executives

Mr. Ignacy P. Domagalski (Age 43)
President, CEO & Director
Comp: $1.37M
Mr. Stuart H. Auld
Chief Financial Officer
Mr. Steven C. Deck
COO & Senior VP of Heavy Equipment
Mr. Andrew W. H. Tam
General Counsel & Corporate Secretary
Mr. Gregory Dean Abtosway
Vice President of Corporate Development
Mr. Mark Edgar
Chief People Officer
Mr. Cristian Rodriguez
Vice President of Environment, Health & Safety (EHS) and Sustainability
Andre Dube
Senior Vice President of Industrial Parts & Engineered Repair Services
Ms. Tania Casadinho
VP & Corporate Controller

Key Competitors

View All Competitors

WJX Stock Analysis - Frequently Asked Questions

Should I buy or sell Wajax stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wajax in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WJX shares.
View WJX analyst ratings or view top-rated stocks.
What is Wajax's stock price target for 2024?: 2 analysts have issued 12 month price targets for Wajax's shares. Their WJX share price targets range from C$28.00 to C$34.00. On average, they predict the company's stock price to reach C$30.75 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for WJX or view top-rated stocks among Wall Street analysts.
How have WJX shares performed in 2023?: Wajax's stock was trading at C$19.73 on January 1st, 2023. Since then, WJX shares have increased by 34.6% and is now trading at C$26.55.
View the best growth stocks for 2023 here.
When is Wajax's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, March 4th 2024.
View our WJX earnings forecast.
How were Wajax's earnings last quarter?: Wajax Co. (TSE:WJX) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.93 EPS for the quarter. The company earned $509.70 million during the quarter. Wajax had a trailing twelve-month return on equity of 18.56% and a net margin of 4.02%.

How often does Wajax pay dividends? What is the dividend yield for Wajax?: Wajax declared a quarterly dividend on Monday, November 6th. Stockholders of record on Friday, December 15th will be given a dividend of 0.33 per share on Wednesday, January 3rd. This represents a $1.32 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for WJX.
Is Wajax a good dividend stock?: Wajax (TSE:WJX) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 4.98%. WJX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WJX.
What other stocks do shareholders of Wajax own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wajax investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Toronto-Dominion Bank (TD) and Rogers Communications (RCI).
How do I buy shares of Wajax?: Shares of WJX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WJX) was last updated on 11/30/2023 by MarketBeat.com Staff

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Wajax Stock Price, News & Analysis (TSE:WJX)

Wajax MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wajax Stock (TSE:WJX)

WJX Stock Price History

WJX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

WJX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™