Wajax - WJX Stock Forecast, Price & News

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, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers. 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. 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.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Scotiabank increased their price objective on Wajax from C$25.50 to C$26.50 in a report on Monday, August 8th. BMO Capital Markets increased their price objective on Wajax from C$23.00 to C$25.00 in a report on Wednesday, May 4th. Finally, Raymond James set a C$29.00 price objective on Wajax and gave the stock an "outperform" rating in a report on Tuesday, May 3rd.

Wajax Stock Down 0.3 %

Shares of TSE:WJX opened at C$22.71 on Thursday. Wajax has a 52-week low of C$18.50 and a 52-week high of C$29.67. The firm has a market capitalization of C$485.99 million and a P/E ratio of 8.84. The stock has a 50 day moving average price of C$20.69 and a 200-day moving average price of C$21.20. The company has a debt-to-equity ratio of 70.05, a quick ratio of 0.70 and a current ratio of 1.73.