TD Securities Lowers Wajax (WJX) Price Target to C$21.00

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Wajax (TSE:WJX) had its price objective reduced by TD Securities from C$23.00 to C$21.00 in a research note issued on Monday. TD Securities’ price target would indicate a potential upside of 28.21% from the stock’s current price.

Separately, Royal Bank of Canada cut their target price on shares of Wajax from C$29.00 to C$27.00 in a research report on Thursday, February 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Wajax currently has a consensus rating of “Buy” and an average target price of C$26.20.

TSE WJX traded up C$0.12 during trading hours on Monday, hitting C$16.38. 170,258 shares of the company’s stock traded hands, compared to its average volume of 48,745. The company has a current ratio of 2.24, a quick ratio of 0.86 and a debt-to-equity ratio of 63.09. The firm has a market capitalization of $324.96 million and a price-to-earnings ratio of 8.15. Wajax has a 52 week low of C$15.43 and a 52 week high of C$28.17.

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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