BMO Capital Markets Cuts Wajax (WJX) Price Target to C$27.00

Wajax (TSE:WJX) had its price objective decreased by BMO Capital Markets from C$29.00 to C$27.00 in a research note released on Wednesday.

Several other equities analysts have also recently issued reports on the company. Raymond James decreased their price target on Wajax from C$29.50 to C$26.50 and set a market perform rating on the stock in a report on Monday, October 22nd. Royal Bank of Canada reiterated an outperform rating and issued a C$29.00 price target on shares of Wajax in a report on Monday, October 29th. Finally, TD Securities raised their price target on Wajax from C$33.00 to C$35.00 and gave the company a buy rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Wajax currently has a consensus rating of Buy and a consensus price target of C$30.00.

Wajax stock opened at C$22.94 on Wednesday. Wajax has a 12-month low of C$20.98 and a 12-month high of C$28.17. The company has a debt-to-equity ratio of 62.77, a quick ratio of 0.88 and a current ratio of 2.23.

Wajax (TSE:WJX) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$382.73 million during the quarter. On average, equities research analysts predict that Wajax will post 2.55999992885801 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, December 13th. Wajax’s payout ratio is 51.81%.

Wajax Company Profile

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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Analyst Recommendations for Wajax (TSE:WJX)

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