TD Securities Lowers Wajax (TSE:WJX) Price Target to C$22.00

Wajax (TSE:WJX) had its price target cut by investment analysts at TD Securities from C$24.00 to C$22.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 20.75% from the company’s current price.

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

Wajax Trading Up 3.5 %

TSE:WJX opened at C$18.22 on Wednesday. The company’s 50 day moving average price is C$20.68 and its 200-day moving average price is C$22.77. Wajax has a 52 week low of C$16.50 and a 52 week high of C$34.70. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. The stock has a market cap of C$398.19 million, a price-to-earnings ratio of 7.47, a PEG ratio of 0.50 and a beta of 1.80.

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.