Wajax (TSE:WJX) Stock Rating Upgraded by National Bank Financial

Wajax (TSE:WJX) was upgraded by equities researchers at National Bank Financial to a “hold” rating in a report issued on Thursday, Zacks.com reports.

Other analysts also recently issued reports about the company. National Bankshares set a C$26.00 price objective on Wajax and gave the stock a “sector perform” rating in a research note on Friday. Scotiabank set a C$29.00 price objective on shares of Wajax and gave the company a “sector perform” rating in a report on Wednesday, August 21st. 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, TD Securities decreased their price target on Wajax from C$34.00 to C$30.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Four research 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, the stock presently has a consensus rating of “Hold” and a consensus target price of C$28.75.

Wajax Stock Performance

WJX stock opened at C$25.50 on Thursday. The stock has a 50-day moving average price of C$25.20 and a 200-day moving average price of C$27.59. Wajax has a 1-year low of C$23.15 and a 1-year 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 firm has a market cap of C$554.12 million, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81.

Wajax (TSE:WJX) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. The firm had revenue of C$568.30 million during the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. As a group, equities research analysts expect that Wajax will post 3.8709677 earnings per share for the current year.

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.