Raymond James Reaffirms “Market Perform” Rating for Wajax (TSE:WJX)

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Raymond James restated their market perform rating on shares of Wajax (TSE:WJX) in a report issued on Monday, BayStreet.CA reports. The firm currently has a C$17.50 price target on the stock. Raymond James also issued estimates for Wajax’s Q3 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.51 EPS.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets reiterated a market perform rating and set a C$17.00 price target on shares of Wajax in a research report on Thursday, June 20th. Royal Bank of Canada lowered their price target on Wajax from C$24.00 to C$22.00 in a research report on Monday, July 22nd.

Shares of WJX stock opened at C$14.74 on Monday. The company has a market capitalization of $294.86 million and a P/E ratio of 8.52. The business’s 50 day moving average is C$15.31 and its two-hundred day moving average is C$16.54. The company has a current ratio of 2.25, a quick ratio of 0.81 and a debt-to-equity ratio of 126.82. Wajax has a 12-month low of C$14.10 and a 12-month high of C$28.17.

Wajax Company Profile

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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