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Wajax Corp (TSE:WJX) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday.

Wajax Corp (TSE:WJX) opened at 36.99 on Wednesday. Wajax Corp has a 52-week low of $32.84 and a 52-week high of $39.56. The stock’s 50-day moving average is $36.08 and its 200-day moving average is $36.05. The company has a market cap of $620.6 million and a P/E ratio of 14.45.

Wajax Corp (TSE:WJX) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.72 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.72. Analysts expect that Wajax Corp will post $2.65 EPS for the current fiscal year.

Separately, analysts at TD Securities raised their price target on shares of Wajax Corp from C$37.00 to C$39.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$36.86.

Wajax Corporation (TSE:WJX), is engaged in the sale and after-sales parts and service support of equipment, power systems and industrial components.

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