Wajax Co. (TSE:WJX) Stock Has Average Price Target of C$37.50 According to Brokerages

Wajax Co. (TSE:WJX) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$37.50.

A number of research analysts recently weighed in on WJX shares. Stifel Nicolaus set a C$45.00 price target on Wajax and gave the stock a “buy” rating in a research note on Wednesday, September 30th. TD decreased their price objective on Wajax from C$35.00 to C$34.00 and set a “hold” rating for the company in a report on Monday, August 10th. National Bank Financial upped their target price on Wajax from C$36.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Finally, Scotiabank lowered their target price on Wajax from C$37.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 7th.

Wajax Trading Down 6.4%

Shares of WJX stock opened at C$33.68 on Friday. The firm has a market capitalization of C$733.55 million, a P/E ratio of 11.46, a P/E/G ratio of 0.50 and a beta of 0.18. Wajax has a twelve month low of C$24.40 and a twelve month high of C$40.00. The company has a quick ratio of 0.71, a current ratio of 1.92 and a debt-to-equity ratio of 66.87. The stock’s fifty day simple moving average is C$33.57 and its 200 day simple moving average is C$31.60.

Wajax (TSE:WJX) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$515.67 million during the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%. As a group, sell-side analysts predict that Wajax will post 3.49 EPS for the current fiscal 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.