Wajax (WJX) Price Target Raised to C$35.00

Wajax (TSE:WJX) had its target price upped by TD Securities from C$33.00 to C$35.00 in a research report released on Wednesday. TD Securities currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets raised their price objective on Wajax from C$27.00 to C$29.00 in a research note on Monday, August 13th. Raymond James increased their target price on Wajax from C$28.50 to C$29.50 and gave the company a market perform rating in a report on Monday, August 13th.

TSE WJX opened at C$24.22 on Wednesday. Wajax has a 1-year low of C$20.98 and a 1-year high of C$28.17.

Wajax (TSE:WJX) last released its quarterly earnings data on Thursday, August 9th. The company reported C$0.65 earnings per share for the quarter. Wajax had a return on equity of 13.12% and a net margin of 3.03%. The firm had revenue of C$382.73 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, September 13th.

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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