Wajax (TSE:WJX) PT Lowered to C$30.00

Wajax (TSE:WJX) had its price target lowered by BMO Capital Markets from C$32.00 to C$30.00 in a report released on Wednesday, BayStreet.CA reports.

WJX has been the topic of a number of other research reports. Scotiabank dropped their price target on Wajax from C$37.00 to C$35.00 and set an outperform rating on the stock in a research note on Friday, May 3rd. TD Securities reduced their target price on shares of Wajax from C$37.00 to C$34.00 and set a buy rating for the company in a report on Monday, May 6th.

Wajax Stock Performance

TSE WJX opened at C$26.73 on Wednesday. The firm’s fifty day moving average price is C$25.93 and its two-hundred day moving average price is C$29.76. Wajax has a 1 year low of C$24.85 and a 1 year high of C$34.96. The firm has a market capitalization of C$580.04 million, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.50 and a beta of 1.88. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 107.15.

Wajax (TSE:WJX) last issued its earnings results on Wednesday, May 1st. The company reported C$0.58 earnings per share (EPS) for the quarter. The business had revenue of C$482.30 million during the quarter. Wajax had a net margin of 3.69% and a return on equity of 16.32%. As a group, research analysts anticipate that Wajax will post 3.5283784 EPS for the current year.

Wajax Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Friday, June 14th. Wajax’s payout ratio is 39.89%.

About Wajax

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.