TD Securities Lowers Wajax (TSE:WJX) Price Target to C$22.00

Wajax (TSE:WJX - Get Free Report) had its price objective decreased by stock analysts at TD Securities from C$24.00 to C$22.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 16.90% from the stock's current price.

WJX has been the subject of several other research reports. Scotiabank downgraded shares of Wajax from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$24.00 to C$22.00 in a research report on Wednesday. BMO Capital Markets reduced their price objective on shares of Wajax from C$28.00 to C$24.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$23.50.

Wajax Trading Up 3.3 %

TSE:WJX traded up C$0.60 on Wednesday, reaching C$18.82. 116,415 shares of the stock traded hands, compared to its average volume of 65,069. The firm has a market capitalization of C$411.30 million, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company's 50 day moving average is C$20.57 and its 200-day moving average is C$22.68. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. Wajax has a 1-year low of C$16.50 and a 1-year high of C$34.70.

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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.