Wajax (TSE:WJX) Price Target Increased to C$36.00 by Analysts at BMO Capital Markets

Wajax (TSE:WJX) had its target price lifted by BMO Capital Markets from C$34.00 to C$36.00 in a report released on Friday morning, BayStreet.CA reports.

WJX has been the subject of several other research reports. Scotiabank lifted their price objective on Wajax from C$36.00 to C$37.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. TD Securities lifted their target price on Wajax from C$34.00 to C$37.00 and gave the company a buy rating in a research note on Wednesday, March 6th.

Wajax Trading Up 4.1 %

Shares of WJX opened at C$33.47 on Friday. The stock has a fifty day moving average price of C$32.71 and a two-hundred day moving average price of C$30.60. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. Wajax has a 52-week low of C$21.63 and a 52-week high of C$34.96. The company has a market cap of C$725.29 million, a price-to-earnings ratio of 9.20, a PEG ratio of 0.50 and a beta of 1.90.

Wajax (TSE:WJX) last issued its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. The firm had revenue of C$542.60 million during the quarter. Analysts predict that Wajax will post 3.9178404 EPS for the current fiscal year.

Wajax Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were paid a $0.35 dividend. This is a boost from Wajax’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Thursday, March 14th. Wajax’s dividend payout ratio (DPR) is 38.46%.

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.