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

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

Several other equities research analysts have also recently commented on WJX. BMO Capital Markets cut their price target on Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. TD Securities decreased their target price on shares of Wajax from C$34.00 to C$30.00 and set a buy rating on the stock in a report on Tuesday, August 13th. Finally, Scotiabank set a C$29.00 price target on shares of Wajax and gave the stock a sector perform rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$28.75.

Wajax Stock Performance

Shares of Wajax stock opened at C$25.50 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. Wajax has a twelve month low of C$23.15 and a twelve month high of C$34.96. The firm has a market capitalization of C$554.12 million, a PE ratio of 8.15, a P/E/G ratio of 0.50 and a beta of 1.81. The firm’s 50-day moving average price is C$25.19 and its 200 day moving average price is C$27.48.

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

Wajax Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Monday, September 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.49%. The ex-dividend date is Monday, September 16th. Wajax’s dividend payout ratio (DPR) 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.