Wajax (TSE:WJX) Lowered to Sector Perform Rating by Scotiabank

Scotiabank lowered shares of Wajax (TSE:WJX) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has C$22.00 price objective on the stock, down from their previous price objective of C$24.00.

Several other research firms have also issued reports on WJX. TD Securities raised Wajax to a “strong-buy” rating in a research report on Friday, January 17th. BMO Capital Markets lowered their target price on shares of Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$23.50.

Wajax Stock Up 1.7 %

TSE:WJX opened at C$17.60 on Wednesday. The stock has a 50-day simple moving average of C$20.76 and a 200 day simple moving average of C$22.82. Wajax has a one year low of C$16.50 and a one year high of C$34.70. The company has a market capitalization of C$384.64 million, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10.

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.