The stock of Wajax Corp (TSE:WJX) is a huge mover today! About 36,381 shares traded hands or 0.41% up from the average. Wajax Corp (TSE:WJX) has risen 7.38% since March 30, 2016 and is uptrending. It has outperformed by 6.16% the S&P500.
The move comes after 5 months negative chart setup for the $404.70 million company. It was reported on Nov, 3 by Barchart.com. We have $16.35 PT which if reached, will make TSE:WJX worth $40.47M less.
Wajax Corp (TSE:WJX) Ratings Coverage
Out of 4 analysts covering Wajax Corp (TSE:WJX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $29 is the highest target while $18 is the lowest. The $20.50 average target is 12.82% above today’s ($18.17) stock price. Wajax Corp has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was maintained by Desjardins Securities. The stock has “Market Perform” rating given by BMO Capital Markets on Wednesday, November 2. TD Securities upgraded the shares of WJX in a report on Wednesday, November 2 to “Buy” rating. The company was maintained on Monday, August 10 by Raymond James. The rating was maintained by Scotia Capital on Friday, October 28 with “Sector Perform”.
More news for Wajax Corp (TSE:WJX) were recently published by: Reuters.com, which released: “BRIEF-Wajax Corp Q3 earnings per share C$0.38” on November 01, 2016. Theglobeandmail.com‘s article titled: “Wajax investors should dig in for the long haul” and published on March 31, 2014 is yet another important article.
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 $404.70 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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