Wajax (TSE:WJX) Price Target Increased to C$36.00 by Analysts at BMO Capital Markets

Wajax (TSE:WJX) had its price target lifted by BMO Capital Markets from C$34.00 to C$36.00 in a report published on Friday, BayStreet.CA reports.

WJX has been the topic of several other research reports. TD Securities raised their target price on shares of Wajax from C$34.00 to C$37.00 and gave the company a buy rating in a report on Wednesday, March 6th. Scotiabank increased their price objective on shares of Wajax from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Wednesday, March 6th.

Wajax Stock Performance

Shares of TSE WJX opened at C$33.74 on Friday. The company has a market capitalization of C$731.15 million, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90. Wajax has a 1 year low of C$21.63 and a 1 year high of C$34.96. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. The company’s fifty day moving average price is C$32.74 and its 200 day moving average price is C$30.68.

Wajax (TSE:WJX) last released its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. The firm had revenue of C$542.60 million during the quarter. On average, research analysts predict that Wajax will post 3.9178404 earnings per share for the current year.

Wajax Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Wajax’s previous quarterly dividend of $0.33. Wajax’s dividend payout ratio (DPR) is currently 38.46%.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and 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; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.