Wajax (TSE:WJX) Price Target Cut to C$34.00 by Analysts at National Bank Financial

Wajax (TSE:WJX) had its target price decreased by National Bank Financial from C$37.00 to C$34.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other equities analysts have also commented on WJX. BMO Capital Markets cut their price target on shares of Wajax from C$40.00 to C$34.00 and set a “market perform” rating on the stock in a report on Wednesday, March 4th. TD cut their price target on shares of Wajax from C$35.00 to C$33.00 and set a “hold” rating on the stock in a report on Wednesday. Scotiabank cut their price target on shares of Wajax from C$38.00 to C$37.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, TD Securities lifted their price target on shares of Wajax from C$28.00 to C$34.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$34.40.

Wajax Price Performance

Shares of TSE:WJX opened at C$29.33 on Wednesday. The firm has a market cap of C$639.92 million, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59. The firm’s fifty day moving average is C$32.25 and its 200-day moving average is 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 has a 52 week low of C$20.61 and a 52 week high of C$34.88.

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

Key Headlines Impacting 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.