Wajax Co. (TSE:WJX – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$20.32 and last traded at C$20.45, with a volume of 95683 shares. The stock had previously closed at C$20.75.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on WJX. TD Securities decreased their target price on shares of Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Scotiabank lowered their target price on shares of Wajax from C$29.00 to C$24.00 in a research note on Wednesday, November 6th. National Bankshares set a C$26.00 price target on shares of Wajax and gave the company a “sector perform” rating in a research report on Friday, September 27th. BMO Capital Markets lowered their price objective on Wajax from C$28.00 to C$24.00 in a research report on Wednesday, November 6th. Finally, National Bank Financial upgraded Wajax to a “hold” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$24.50.
Read Our Latest Analysis on WJX
Wajax Stock Performance
Wajax Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, December 16th. Wajax’s dividend payout ratio is currently 44.73%.
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.
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