Wajax (TSE:WJX) Given New C$33.00 Price Target at TD

Wajax (TSE:WJX) had its price target trimmed by TD from C$35.00 to C$33.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. TD Securities upped their price objective on shares of Wajax from C$28.00 to C$34.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. BMO Capital Markets dropped their price target on shares of Wajax from C$40.00 to C$34.00 and set a “market perform” rating for the company in a research report on Wednesday, March 4th. Scotiabank dropped their price target on shares of Wajax from C$38.00 to C$37.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, National Bank Financial raised shares of Wajax from a “hold” rating to an “outperform” rating and increased their price target for the company from C$27.00 to C$37.00 in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wajax has a consensus rating of “Hold” and a consensus price target of C$34.40.

Wajax Price Performance

Shares of Wajax stock opened at C$29.33 on Wednesday. Wajax has a 52-week low of C$20.61 and a 52-week high of C$34.88. The stock has a market capitalization of C$639.92 million, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59. The company has a fifty day moving average of C$32.25 and a 200-day moving average of C$29.19. The company has a debt-to-equity ratio of 72.41, a quick ratio of 0.71 and a current ratio of 1.88.

Wajax (TSE:WJX) last announced its quarterly earnings data on Monday, May 4th. The company reported C$0.65 earnings per share (EPS) for the quarter. Wajax had a net margin of 2.97% and a return on equity of 11.63%. The company had revenue of C$502.07 million during the quarter. Equities research analysts expect that Wajax will post 3.4850136 EPS for the current year.

Trending Headlines about Wajax

Here are the key news stories impacting Wajax this week:

• Positive Sentiment: National Bank Financial kept an Outperform rating despite trimming its target to C$34, leaving roughly 16.8% upside vs. the current share level — signals continued analyst conviction even after a reset. BayStreet.CA TickerReport
• Positive Sentiment: Scotiabank nudged its FY2026 EPS estimate slightly higher (to $3.42) and maintains a Sector Perform rating with a C$37 target — a relatively constructive view that implies meaningful upside. BayStreet.CA TickerReport
• Neutral Sentiment: Wajax reported Q1 results: EPS C$0.65, revenue C$502.1M, net margin ~2.7% and ROE ~10.9%. The release and accompanying call/slide deck are being parsed for margin trends and parts/service strength; results are mixed-to-modestly positive but leave room for debate on near?term margin recovery. Newswire: Q1 Results Press Release PDF
• Negative Sentiment: TD reduced its target from C$35 to C$33 and moved to a Hold, which trims implied upside and may weigh on short?term sentiment among more cautious investors. BayStreet.CA

About Wajax

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.