Wajax (TSE:WJX) Price Target Lowered to C$20.00 at National Bankshares

Wajax (TSE:WJX) had its price target decreased by National Bankshares from C$22.00 to C$20.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research firms have also recently weighed in on WJX. TD Securities lowered their price target on Wajax from C$24.00 to C$22.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Scotiabank downgraded Wajax from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$24.00 to C$22.00 in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$22.00.

Wajax Price Performance

Shares of WJX traded down C$0.72 during trading hours on Wednesday, reaching C$16.37. The company had a trading volume of 34,011 shares, compared to its average volume of 71,372. The company has a market capitalization of C$357.76 million, a price-to-earnings ratio of 6.71, a PEG ratio of 0.50 and a beta of 1.80. Wajax has a 12-month low of C$15.55 and a 12-month high of C$34.70. The firm has a 50 day simple moving average of C$18.66 and a 200-day simple moving average of C$21.40. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61.

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.