Scotiabank Upgrades Wajax Corporation to Buy

By Jason Carr

In a new note to investors on September 27, an analyst has provided a rating update for the Services sector company, Wajax Corporation (TSX: WJX). The company received a Buy on September 27 from Scotiabank’s analyst Michael Doumet, with a C$27 price target.

Doumet has an average return of 46.1% when recommending Wajax Corporation.

According to TipRanks.com, Doumet is ranked #1538 out of 4669 analysts.

Wajax Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$27.

Wajax Corporation’s market cap is currently C$370M and has a P/E ratio of 12.9.

Wajax Corp. engages in the sale, rental, and distribution of industrial products and services. It operates through the following segments: Mobile Equipment, Power Systems, and Industrial Components. The Equipment segment distributes, rents, and modifies mobile equipment.

The company’s shares closed on Thursday at C$19.60.