Wajax (TSE:WJX) PT Set at C$24.00 by TD Securities

TD Securities set a C$24.00 target price on Wajax (TSE:WJX - Free Report) in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

WJX has been the subject of a number of other research reports. Scotiabank reduced their price target on Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. National Bank Financial raised shares of Wajax to a "hold" rating in a report on Thursday, September 26th. National Bankshares set a C$26.00 target price on shares of Wajax and gave the company a "sector perform" rating in a research note on Friday, September 27th. Finally, BMO Capital Markets reduced their price target on shares of Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$24.50.

Wajax Stock Performance

Shares of WJX traded down C$0.17 during mid-day trading on Thursday, reaching C$21.56. 67,303 shares of the company's stock traded hands, compared to its average volume of 57,441. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. The business's 50-day moving average price is C$21.61 and its 200-day moving average price is C$23.96. The stock has a market capitalization of C$468.50 million, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. Wajax has a 12 month low of C$20.05 and a 12 month high of C$34.96.

Wajax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Monday, December 16th. Wajax's payout ratio is 44.73%.

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.