23:55:36 EDT Mon 18 Mar 2024
Enter Symbol
or Name
USA
CA



Wajax Corp
Symbol WJX
Shares Issued 20,026,819
Close 2018-04-23 C$ 23.66
Market Cap C$ 473,834,538
Recent Sedar Documents

Globe says new coverage rates Wajax "market perform"

2018-04-24 07:46 ET - In the News

The Globe and Mail reports in its Tuesday, April 24, edition that BMO Nesbitt Burns analyst Devin Dodge says the risk-reward for Wajax ($23.66) appears balanced. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dodge began coverage with a "market perform" rating. Mr. Dodge set a share price target of $26. Analysts on average target the shares at $29.63. Mr. Dodge says in a note: "We believe Wajax stands to benefit from a pickup in activity levels in Western Canada and the company's restructuring efforts should allow for margin expansion as top-line performance improves. However, we believe the risk profile is elevated and valuation doesn't provide sufficient margin of safety should the company encounter any bumps in the road." The Globe's Ian Tam recommended buying Wajax in the Number Cruncher column on April 6, 2017. Mr. Tam said Wajax had good cash-flow momentum. The shares could then be had for $25.21.

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