Wajax Corporation Receives a Buy from RBC Capital

By Austin Angelo

Wajax Corporation (TSX: WJX), the Services sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from RBC Capital’s analyst Sara O’Brien, with a C$29 price target.

O’Brien has an average return of 10.4% when recommending Wajax Corporation.

According to TipRanks.com, O’Brien is ranked #936 out of 4579 analysts.

Wajax Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$28.33.

Wajax Corporation’s market cap is currently C$461M and has a P/E ratio of 17.3.

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 Power Systems segment offers distribution, servicing, packaging, and integration of mechanical drive systems for applications. The Industrial Components segment supplies bearings and power transmission products; hydraulics products; and related components. The company was founded by Bernard Joseph Coghlin in 1858 and is headquartered in Mississauga, Canada.

The company’s shares closed last Monday at $23.29.