Wajax (TSE:WJX) PT Set at C$26.00 by National Bankshares

National Bankshares set a C$26.00 target price on Wajax (TSE:WJX) in a research report released on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. TD Securities reduced their target price on shares of Wajax from C$34.00 to C$30.00 and set a buy rating for the company in a report on Tuesday, August 13th. Scotiabank set a C$29.00 price target on Wajax and gave the stock a sector perform rating in a research report on Wednesday, August 21st. Finally, BMO Capital Markets decreased their price objective on Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wajax currently has a consensus rating of Hold and an average target price of C$28.75.

Wajax Stock Performance

TSE WJX opened at C$25.50 on Friday. The company has a market capitalization of C$554.12 million, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. Wajax has a one year low of C$23.15 and a one year high of C$34.96. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. The company’s 50-day simple moving average is C$25.19 and its two-hundred day simple moving average is C$27.48.

Wajax (TSE:WJX) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. The business had revenue of C$568.30 million for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. Equities analysts forecast that Wajax will post 3.8709677 EPS for the current fiscal year.

Wajax Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 16th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, September 16th. This represents a $1.40 annualized dividend and a yield of 5.49%. Wajax’s dividend payout ratio is presently 44.73%.

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.