The stock of Wajax Corp (TSE:WJX) is a huge mover today! About 92,428 shares traded hands or 246.21% up from the average. Wajax Corp (TSE:WJX) has declined 10.61% since March 28, 2016 and is downtrending. It has underperformed by 13.62% the S&P500.
The move comes after 9 months positive chart setup for the $327.36M company. It was reported on Nov, 1 by Barchart.com. We have $35.85 PT which if reached, will make TSE:WJX worth $373.19M more.
Wajax Corp (TSE:WJX) Ratings Coverage
Out of 3 analysts covering Wajax Corp (TSE:WJX), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $29 is the highest target while $18 is the lowest. The $22.50 average target is 34.33% above today’s ($16.75) stock price. Wajax Corp has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained Wajax Corp (TSE:WJX) on Monday, August 10 with “Buy” rating. The firm has “Market Perform” rating by Raymond James given on Monday, August 10. Scotia Capital maintained Wajax Corp (TSE:WJX) on Friday, October 28 with “Sector Perform” rating.
More important recent Wajax Corp (TSE:WJX) news were published by: Reuters.com which released: “BRIEF-Wajax Corp Q3 earnings per share C$0.38” on November 01, 2016, also Theglobeandmail.com published article titled: “Wajax investors should dig in for the long haul”, Seekingalpha.com published: “Is Wajax’s ‘Strategic Reorganization’ Really Necessary To Save The Dividend?” on April 25, 2016. More interesting news about Wajax Corp (TSE:WJX) was released by: Theglobeandmail.com and their article: “This dividend-paying industrial stock is cheap, but not necessarily a buy” with publication date: August 17, 2015.
Wajax Corporation is a Canada-based distributor engaged in the sale and service support of mobile equipment, power systems and industrial components. The company has a market cap of $327.36 million. The Company’s Equipment business is engaged in distribution, rental, modification and servicing of mobile equipment from manufacturers. It currently has negative earnings. The Company’s Power Systems business is engaged in distribution, sales, service of heavy-duty engines, transmissions, and power generation product sales, service, and rentals across Canada.
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