TD Securities Has Lowered Expectations for Wajax (TSE:WJX) Stock Price

Wajax (TSE:WJX) had its price objective lowered by TD Securities from C$24.00 to C$22.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank downgraded Wajax from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$24.00 to C$22.00 in a research report on Wednesday. BMO Capital Markets reduced their target price on shares of Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$23.50.

Wajax Price Performance

WJX stock opened at C$17.60 on Wednesday. The stock’s 50 day moving average price is C$20.76 and its 200 day moving average price is C$22.82. The firm has a market cap of C$384.64 million, a P/E ratio of 7.21, a PEG ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. Wajax has a 1 year low of C$16.50 and a 1 year high of C$34.70.

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.