Wajax (TSE:WJX) PT Lowered to C$20.00 at TD Securities

Wajax (TSE:WJX) had its target price lowered by TD Securities from C$21.00 to C$20.00 in a research report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on WJX. Raymond James reissued a market perform rating and issued a C$16.50 price objective on shares of Wajax in a research note on Wednesday. Royal Bank of Canada reduced their price objective on Wajax from C$24.00 to C$22.00 and set an outperform rating for the company in a research note on Wednesday.

Shares of Wajax stock opened at C$14.96 on Thursday. The stock has a 50-day moving average price of C$15.76 and a 200 day moving average price of C$15.66. The company has a market cap of $300.86 million and a P/E ratio of 8.64. The company has a current ratio of 2.25, a quick ratio of 0.81 and a debt-to-equity ratio of 126.82. Wajax has a 1 year low of C$14.10 and a 1 year high of C$23.15.

Wajax (TSE:WJX) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.57 by C$0.05. The business had revenue of C$409.43 million during the quarter. On average, equities analysts forecast that Wajax will post 2.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Friday, December 13th. Wajax’s dividend payout ratio (DPR) is presently 57.77%.

Wajax Company Profile

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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