Wajax (TSE:WJX) Price Target Lowered to C$22.00 at TD Securities

Wajax (TSE:WJX) had its price objective trimmed by TD Securities from C$24.00 to C$22.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on WJX. BMO Capital Markets dropped their price target on shares of Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. Scotiabank cut Wajax from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$24.00 to C$22.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Wajax has an average rating of “Hold” and a consensus target price of C$23.50.

Wajax Stock Performance

TSE:WJX opened at C$17.60 on Wednesday. The firm has a market cap of C$384.64 million, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. Wajax has a 1-year low of C$16.50 and a 1-year high of C$34.70. The firm’s fifty day moving average price is C$20.76 and its 200 day moving average price is C$22.82.

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.