Wajax (TSE:WJX) Hits New 1-Year High – Should You Buy?

Wajax Co. (TSE:WJX) reached a new 52-week high during trading on Wednesday . The company traded as high as C$28.92 and last traded at C$28.88, with a volume of 5292 shares traded. The stock had previously closed at C$28.64.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WJX shares. Scotiabank increased their price target on Wajax from C$26.00 to C$27.00 in a research note on Wednesday, November 5th. National Bankshares lifted their price objective on shares of Wajax from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a report on Monday, December 15th. Finally, BMO Capital Markets upped their target price on Wajax from C$26.00 to C$27.00 in a report on Wednesday, November 5th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$26.50.

Wajax Stock Performance

The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The company has a market cap of C$616.28 million, a P/E ratio of 13.56, a P/E/G ratio of 0.50 and a beta of 0.67. The stock’s fifty day moving average price is C$27.59 and its two-hundred day moving average price is C$25.02.

Wajax (TSE:WJX) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.75 EPS for the quarter. The business had revenue of C$483.15 million during the quarter. Wajax had a net margin of 2.55% and a return on equity of 10.40%. As a group, equities analysts predict that Wajax Co. will post 3.4850136 earnings per share for the current year.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.