Wajax (TSE:WJX) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Wajax (TSE:WJX) from a hold rating to an outperform rating in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage currently has C$37.00 price objective on the stock, up from their prior price objective of C$27.00.

A number of other research analysts also recently commented on the stock. Scotiabank increased their price target on shares of Wajax from C$26.00 to C$27.00 in a report on Wednesday, November 5th. BMO Capital Markets raised their price objective on Wajax from C$26.00 to C$27.00 in a research note on Wednesday, November 5th. Finally, TD Securities boosted their target price on Wajax from C$25.00 to C$28.00 in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$34.75.

Wajax Trading Down 0.1%

Shares of WJX opened at C$33.76 on Tuesday. The company’s fifty day moving average is C$29.26 and its 200 day moving average is C$26.63. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$34.88. The stock has a market capitalization of C$734.14 million, a PE ratio of 16.15, a P/E/G ratio of 0.50 and a beta of 0.49. The company has a debt-to-equity ratio of 78.49, a quick ratio of 0.71 and a current ratio of 2.14.

Wajax (TSE:WJX) last released its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.71 EPS for the quarter. Wajax had a net margin of 2.68% and a return on equity of 10.91%. The business had revenue of C$560.05 million during the quarter. Sell-side analysts expect that Wajax will post 3.4850136 earnings per share for the current fiscal year.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.