Wajax Corp T.WJX

Alternate Symbol(s): T.WJX.DB | WJXFF

Industrials Industrial Distribution

Wajax Corporation is a Canada-based diversified industrial products and services provider. The Company operates an integrated distribution system providing sales, parts and services to a broad range of customers in various sectors, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas. The Company provides various equipment, such as compact excavators, dump trucks, excavators, wheel loaders and wheeled excavators. It offers various brands, such as Hitachi, Hyster, MTU, Allison Transmission, Danfoss, SKF and Tigercat. Its solutions include mechanical solutions, hydraulic solutions, process solutions, electromechanical solutions, repair and solutions, and reliability solutions. It provides various industrial parts, including bearings, bulk material handling, electric motors and variable frequency drives, filtration, fluid handling, instrumentation, pneumatics, and power transmission.

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Wajax Corp > Raymond James

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Comment by Karren411on Dec 06, 2021 3:46pm

250 Views

Post# 34203544

RE:Raymond James

microcaphobby wrote:
Citing another “stellar quarter,” Raymond James analyst Bryan Fast upgraded Wajax Corp. (WJX-T) to “outperform” from “market perform” while raising his price target to C$30 from C$26.

Wajax reported third-quarter adjusted EPS of 70 cents, well above the consensus expectation of 58 cents - and that was accomplished without Wajax receiving any wage subsidies for the first time since the program began. Gross profit for the Canadian distributor of industrial components was up 33% from a year ago as revenues increased 18%.