Wajax (TSE:WJX) Stock Price Crosses Above 200 Day Moving Average of $30.77

Wajax Co. (TSE:WJX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.77 and traded as high as C$34.66. Wajax shares last traded at C$34.24, with a volume of 20,283 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WJX. Scotiabank increased their price target on Wajax from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. TD Securities increased their price target on Wajax from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets increased their price target on Wajax from C$34.00 to C$36.00 in a research report on Friday, April 19th.

Wajax Stock Performance

The company has a 50-day moving average price of C$32.88 and a two-hundred day moving average price of C$30.77. The company has a current ratio of 2.16, a quick ratio of 0.71 and a debt-to-equity ratio of 100.93. The stock has a market capitalization of C$741.98 million, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90.

Wajax (TSE:WJX) last issued its earnings results on Monday, March 4th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$542.60 million during the quarter. Wajax had a return on equity of 17.12% and a net margin of 3.76%. On average, equities analysts forecast that Wajax Co. will post 3.9178404 earnings per share for the current year.

Wajax Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 15th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 4.09%. This is a boost from Wajax’s previous quarterly dividend of $0.33. Wajax’s dividend payout ratio (DPR) is currently 38.46%.

About Wajax

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.