Wajax (TSE:WJX) Rating Reiterated by Raymond James

Raymond James reissued their market perform rating on shares of Wajax (TSE:WJX) in a research note published on Wednesday, November 6th, BayStreet.CA reports. They currently have a C$16.50 target price on the stock. Raymond James also issued estimates for Wajax’s Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $2.00 EPS and FY2020 earnings at $2.05 EPS.

Separately, Royal Bank of Canada decreased their price objective on Wajax from C$24.00 to C$22.00 and set an outperform rating for the company in a report on Wednesday, November 6th.

Shares of TSE WJX traded down C$0.46 during midday trading on Wednesday, hitting C$14.30. 114,108 shares of the stock traded hands, compared to its average volume of 44,662. The company has a market cap of $296.46 million and a PE ratio of 8.71. Wajax has a one year low of C$14.10 and a one year high of C$20.18. The business has a 50 day moving average price of C$15.31 and a two-hundred day moving average price of C$15.55. The company has a debt-to-equity ratio of 130.07, a quick ratio of 0.79 and a current ratio of 2.36.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 6.99%. Wajax’s dividend payout ratio is 60.90%.

About Wajax

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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