The stock of Wajax Corp (TSE:WJX) is a huge mover today! About 110,129 shares traded hands or 44.74% up from the average. Wajax Corp (TSE:WJX) has risen 22.72% since April 21, 2016 and is uptrending. It has outperformed by 17.32% the S&P500.
The move comes after 6 months positive chart setup for the $480.83 million company. It was reported on Nov, 25 by Barchart.com. We have $25.68 PT which if reached, will make TSE:WJX worth $33.66 million more.
Wajax Corp (TSE:WJX) Ratings Coverage
Out of 4 analysts covering Wajax Corp (TSE:WJX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $29 is the highest target while $18 is the lowest. The $21.83 average target is -9.04% below today’s ($24) stock price. Wajax Corp has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, November 2 by BMO Capital Markets. Scotia Capital maintained it with “Outperform” rating and $20 target price in Wednesday, November 16 report. As per Friday, October 28, the company rating was maintained by Scotia Capital. As per Wednesday, November 2, the company rating was upgraded by TD Securities. The company was maintained on Monday, August 10 by Desjardins Securities. The rating was maintained by Raymond James with “Market Perform” on Monday, August 10.
Another recent and important Wajax Corp (TSE:WJX) news was published by Theglobeandmail.com which published an article titled: “Wajax investors should dig in for the long haul” on March 31, 2014.
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 $480.83 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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