Wajax Co. (TSE:WJX - Free Report) - Equities research analysts at Scotiabank dropped their FY2025 EPS estimates for Wajax in a research report issued on Wednesday, March 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $2.34 for the year, down from their previous forecast of $2.67. Scotiabank currently has a "Sector Perform" rating and a $22.00 price target on the stock. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.
Separately, TD Securities dropped their price target on Wajax from C$24.00 to C$22.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Wajax currently has a consensus rating of "Hold" and an average price target of C$23.50.
View Our Latest Analysis on Wajax
Wajax Price Performance
TSE WJX traded down C$0.08 during mid-day trading on Monday, hitting C$17.59. The stock had a trading volume of 74,533 shares, compared to its average volume of 65,845. The company has a 50 day simple moving average of C$19.81 and a 200 day simple moving average of C$22.05. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. The company has a market cap of C$384.42 million, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.50 and a beta of 1.80. Wajax has a 52-week low of C$16.50 and a 52-week high of C$34.70.
About Wajax
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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.
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