What Will Happen to Wajax Corp Next? The Stock Just Declined A Lot

 What Will Happen to Wajax Corp Next? The Stock Just Declined A Lot

The stock of Wajax Corp (TSE:WJX) is a huge mover today! About 39,389 shares traded hands. Wajax Corp (TSE:WJX) has risen 31.26% since April 8, 2016 and is uptrending. It has outperformed by 26.28% the S&P500.
The move comes after 9 months negative chart setup for the $434.85M company. It was reported on Nov, 14 by Barchart.com. We have $18.74 PT which if reached, will make TSE:WJX worth $60.88 million 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. Wajax Corp has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained Wajax Corp (TSE:WJX) rating on Monday, August 10. Desjardins Securities has “Buy” rating and $29 price target. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, November 2. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, October 28. The stock has “Market Perform” rating given by Raymond James on Monday, August 10. The rating was upgraded by TD Securities to “Buy” on Wednesday, November 2.

Another recent and important Wajax Corp (TSE:WJX) news was published by Reuters.com which published an article titled: “BRIEF-Wajax Corp Q3 earnings per share C$0.38” on November 01, 2016.

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 $434.85 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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