National Bank Financial upgraded shares of Wajax (TSE:WJX – Free Report) to a hold rating in a research note published on Thursday morning, Zacks.com reports.
A number of other analysts also recently issued reports on WJX. BMO Capital Markets cut their target price on Wajax from C$32.00 to C$30.00 in a research note on Wednesday, July 24th. 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 note on Tuesday, August 13th. Scotiabank set a C$29.00 price objective on shares of Wajax and gave the company a sector perform rating in a research note on Wednesday, August 21st. Finally, National Bankshares set a C$26.00 target price on Wajax and gave the stock a sector perform rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$28.75.
Get Our Latest Analysis on Wajax
Wajax Trading Down 1.0 %
Wajax (TSE:WJX – Get Free Report) 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. Analysts anticipate that Wajax will post 3.8709677 earnings per share for the current year.
Wajax Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Monday, September 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.49%. Wajax’s dividend payout ratio (DPR) is presently 44.73%.
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.
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