Wajax (TSE:WJX) Given a C$24.00 Price Target at TD Securities

Wajax (TSE:WJX) has been assigned a C$24.00 target price by equities research analysts at TD Securities in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 11.63% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Scotiabank dropped their target price on shares of Wajax from C$29.00 to C$24.00 in a report on Wednesday, November 6th. BMO Capital Markets cut their price objective on shares of Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. National Bankshares set a C$26.00 target price on Wajax and gave the stock a “sector perform” rating in a report on Friday, September 27th. Finally, National Bank Financial upgraded Wajax to a “hold” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Wajax currently has an average rating of “Hold” and a consensus price target of C$24.50.

Wajax Trading Up 4.6 %

Shares of WJX traded up C$0.94 during trading hours on Thursday, reaching C$21.50. 59,257 shares of the company traded hands, compared to its average volume of 53,043. Wajax has a 12-month low of C$20.05 and a 12-month high of C$34.96. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. The stock’s fifty day moving average price is C$21.60 and its 200 day moving average price is C$24.01. The firm has a market cap of C$467.20 million, a price-to-earnings ratio of 6.87, a PEG ratio of 0.50 and a beta of 1.80.

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.