Wajax (WJX) PT Set at C$26.50 by Raymond James

Wajax (TSE:WJX) received a C$26.50 price target from equities research analysts at Raymond James in a research note issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 20.07% from the company’s current price.

Several other equities analysts have also issued reports on WJX. BMO Capital Markets boosted their price target on Wajax from C$27.00 to C$29.00 in a research note on Monday, August 13th. TD Securities boosted their price target on Wajax from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Wajax presently has an average rating of “Buy” and a consensus price target of C$30.40.

Shares of WJX opened at C$22.07 on Monday. Wajax has a 12-month low of C$20.98 and a 12-month high of C$28.17.

Wajax (TSE:WJX) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$0.65 earnings per share (EPS) for the quarter. Wajax had a return on equity of 13.12% and a net margin of 3.03%. The firm had revenue of C$382.73 million for the quarter.

About Wajax

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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