Wajax (TSE:WJX) Given a C$26.00 Price Target at National Bankshares

Wajax (TSE:WJX) has been assigned a C$26.00 target price by stock analysts at National Bankshares in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 1.60% from the company’s current price.

Several other equities research analysts have also weighed in on the company. TD Securities reduced their price objective on Wajax from C$34.00 to C$30.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets reduced their price objective on shares of Wajax from C$32.00 to C$30.00 in a research note on Wednesday, July 24th. Finally, Scotiabank set a C$29.00 target price on shares of Wajax and gave the stock a “sector perform” rating in a research report on Wednesday, August 21st.

Wajax Price Performance

Shares of Wajax stock traded down C$0.16 during trading on Friday, hitting C$25.59. The stock had a trading volume of 17,478 shares, compared to its average volume of 33,757. The business has a fifty day moving average of C$25.22 and a two-hundred day moving average of C$27.60. The firm has a market cap of C$556.07 million, a P/E ratio of 8.16, a PEG ratio of 0.50 and a beta of 1.81. Wajax has a fifty-two week low of C$23.15 and a fifty-two week high of C$34.96. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71.

Wajax (TSE:WJX) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. The company had revenue of C$568.30 million during the quarter. On average, sell-side analysts expect that Wajax will post 3.8709677 earnings per share for the current fiscal year.

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.