Wajax (TSE:WJX) Raised to Outperform at National Bank Financial

Wajax (TSE:WJX) was upgraded by analysts at National Bank Financial from a “hold” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a C$37.00 price objective on the stock, up from their prior price objective of C$27.00. National Bank Financial’s price objective indicates a potential upside of 9.44% from the stock’s current price.

Several other brokerages have also recently issued reports on WJX. Scotiabank boosted their price target on Wajax from C$26.00 to C$27.00 in a research report on Wednesday, November 5th. TD Securities increased their price objective on Wajax from C$25.00 to C$28.00 in a research report on Wednesday, February 4th. Finally, BMO Capital Markets boosted their target price on Wajax from C$26.00 to C$27.00 in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$34.75.

Wajax Stock Up 0.1%

WJX stock opened at C$33.81 on Tuesday. The company has a market cap of C$735.23 million, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.50 and a beta of 0.49. The company has a fifty day moving average price of C$29.13 and a 200 day moving average price of C$26.58. The company has a debt-to-equity ratio of 90.28, a current ratio of 2.22 and a quick ratio of 0.71. Wajax has a 12 month low of C$15.55 and a 12 month high of C$34.20.

Wajax (TSE:WJX) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.71 EPS for the quarter. Wajax had a net margin of 2.16% and a return on equity of 8.91%. The company had revenue of C$560.05 million for the quarter. Sell-side analysts expect that Wajax will post 3.4850136 earnings per share for the current year.

More Wajax News

Here are the key news stories impacting Wajax this week:

• Positive Sentiment: National Bank Financial upgraded Wajax from “hold” to “outperform” and raised its target to C$37 — the most constructive analyst action, implying more meaningful upside than the consensus cluster around C$34. National Bank upgrade
• Positive Sentiment: TD Securities raised its price target from C$28 to C$34 and kept a “hold” rating — a lift in target that supports the current share level. TD Securities price-target change
• Positive Sentiment: Scotiabank raised its target to C$34 and maintained a “sector perform” rating — another vote of confidence that helps underpin the stock near current prices. Scotiabank price-target change
• Neutral Sentiment: Wajax reported Q4 2025 results: C$0.71 EPS, C$560.05M revenue, net margin ~2.16% and ROE ~8.9%. The report provides the latest financials and slide deck for modelling; investors will parse margin and order trends for guidance. Press Release Slide Deck
• Neutral Sentiment: Full Q4 earnings call transcript is available for detail on guidance, parts/order backlog and execution — useful for active investors assessing near-term revenue visibility. Earnings call transcript
• Negative Sentiment: BMO Capital Markets lowered its price target from C$40 to C$34 and kept a “market perform” / hold stance; BMO highlights weak near-term order trends that support a cautious view — this reduces upside expectations relative to prior coverage. BMO price-target cut and commentary
• Negative Sentiment: BMO’s published note (via TipRanks summary) reiterates the longer-term fundamentals are sound but flags softer near-term demand — a reason some traders may take profits or await clearer order-book recovery. TipRanks / BMO note

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.