Raymond James Reaffirms “Market Perform” Rating for Wajax (TSE:WJX)

Raymond James reiterated their market perform rating on shares of Wajax (TSE:WJX) in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has a C$17.50 price target on the stock. Raymond James also issued estimates for Wajax’s Q3 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.51 EPS.

Several other research analysts have also issued reports on WJX. BMO Capital Markets reaffirmed a market perform rating and set a C$17.00 target price on shares of Wajax in a research report on Thursday, June 20th. Royal Bank of Canada reduced their target price on Wajax from C$24.00 to C$22.00 in a research report on Monday, July 22nd.

Shares of TSE:WJX opened at C$14.74 on Monday. The business’s 50-day moving average is C$15.31 and its 200 day moving average is C$16.54. Wajax has a 1 year low of C$14.10 and a 1 year high of C$28.17. The firm has a market capitalization of $294.86 million and a P/E ratio of 8.52. The company has a debt-to-equity ratio of 126.82, a current ratio of 2.25 and a quick ratio of 0.81.

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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