Scotiabank Has Lowered Expectations for Wajax (TSE:WJX) Stock Price

Wajax (TSE:WJX) had its price target trimmed by Scotiabank from C$29.00 to C$24.00 in a report released on Wednesday morning, BayStreet.CA reports.

WJX has been the subject of a number of other research reports. TD Securities lowered their price target on Wajax from C$30.00 to C$24.00 in a research report on Wednesday. BMO Capital Markets decreased their target price on Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. National Bankshares set a C$26.00 target price on shares of Wajax and gave the stock a “sector perform” rating in a research report on Friday, September 27th. Finally, National Bank Financial raised shares of Wajax to a “hold” rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$24.50.

Wajax Price Performance

WJX opened at C$21.00 on Wednesday. Wajax has a 1 year low of C$20.44 and a 1 year high of C$34.96. The company’s 50 day simple moving average is C$25.02 and its 200 day simple moving average is C$26.03. The stock has a market capitalization of C$456.33 million, a PE ratio of 6.71, a P/E/G ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91.

Wajax (TSE:WJX) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share for the quarter. The company had revenue of C$568.30 million for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. As a group, sell-side analysts expect that Wajax will post 3.4850136 EPS for the current year.

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.