TD Securities Trims Wajax (TSE:WJX) Target Price to C$34.00

Wajax (TSE:WJX) had its price target decreased by TD Securities from C$37.00 to C$34.00 in a report released on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. BMO Capital Markets decreased their price objective on shares of Wajax from C$36.00 to C$32.00 and set a market perform rating for the company in a research note on Friday, May 3rd. Scotiabank lowered their target price on shares of Wajax from C$37.00 to C$35.00 and set an outperform rating for the company in a research note on Friday, May 3rd.

Wajax Trading Up 0.4 %

Shares of TSE WJX opened at C$27.04 on Monday. Wajax has a twelve month low of C$21.63 and a twelve month high of C$34.96. The stock has a market capitalization of C$586.77 million, a PE ratio of 7.70, a PEG ratio of 0.50 and a beta of 1.90. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 107.15. The stock has a fifty day simple moving average of C$32.26 and a 200-day simple moving average of C$30.82.

Wajax (TSE:WJX) last announced its quarterly earnings data on Monday, March 4th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$542.60 million for the quarter. Wajax had a net margin of 3.69% and a return on equity of 16.32%. On average, equities analysts forecast that Wajax will post 3.5306905 earnings per share for the current year.

Wajax Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 annualized dividend and a yield of 5.18%. Wajax’s dividend payout ratio (DPR) is currently 39.89%.

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.