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TOP PICK
Stockchase Research Editor: Michael O'Reilly Founded in 1858, WJX is one of Canada's oldest diversified industrial products and service providers and is reiterated as a TOP PICK. Recently reported EPS of $0.75 easily beat consensus calls for $0.53. It trades at 11x earnings compared to peers at 14x and trades at 1.6x book value. Analysts at TD Securities just increased their share price outlook to $34. It pays a good dividend, backed by a payout ratio of under 40% of cashflow. We continue to recommend a stop loss at $22, looking to achieve $34 -- upside potential over 21%. Yield 3.58% (Analysts’ price target is $31.13)
merchandising / lodging
BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Cheap at 11x earnings. A cyclical company that has never reached over 20x multiple. They continued their dividends during the pandemic. Sales missed but EPS beat by 20%. Cash flow is good. The small size presents some risks but it is doing many things right. Unlock Premium - Try 5i Free

merchandising / lodging

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PAST TOP PICK
(A Top Pick Jul 22/21, Up 24.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WJX is progressing well and has achieved our $27 objective. To remain disciplined, we recommend covering half the position here and trailing up the stop (from $18) to $22 -- just above the original recommended entry level.
merchandising / lodging

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TOP PICK
Stockchase Research Editor: Michael O'Reilly Founded in 1858, WJX is one of Canada's oldest diversified industrial products and service providers. Recently reported EPS of $0.57 easily beat consensus calls for $0.35. It trades at 11x earnings compared to peers at 34x and has a PEG of under 0.9 (demonstrating good growth) and is a just over 1.3x book value. It pays a good dividend, backed by a payout ratio of under 55% of cashflow. We would buy this with a stop loss at $18, looking to achieve $27 -- upside potential over 20%. Yield 4.53% (Analysts’ price target is $24.63)
merchandising / lodging

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TOP PICK
Stockchase Research Editor: Michael O'Reilly WJX is an integrated distribution company that provides rentals, sales, parts and services of heavy equipment to the major industrial sectors. They will benefit from the return to normal infrastructure development during the pandemic recovery in Canada. Not a massive growth stock, but provides an excellent dividend that is backed by a payout ratio less than 65% of cash flow. It trades at just 1.2 times book value and at 13x earnings, compared to its peers at 48x. We would buy this with a stop-loss at $14, looking to achieve $25 -- 25% upside. Yield 5.09% (Analysts’ price target is $21.00)
merchandising / lodging
HOLD
Q3 earnings were really good, strong free cash flow. Had layoffs, downsizing. Still a very cheap stock at 9x. There's room for this one. Big move in last 2 weeks, so wait to add. If you have it, hold it and enjoy.
merchandising / lodging
BUY

It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this.

merchandising / lodging
PAST TOP PICK

(A Top Pick Feb 17/17. Up 8%.) Sold this a while ago to reduce his holdings in the infrastructure space. He still likes the sector immensely. Chart shows a reverse head and shoulders. If this can get above $25.70, he would like to buy it again.

merchandising / lodging
BUY

They cut their dividend, but he sees this as pretty safe with a 60% payout ratio. He models 45% EPS growth. Their balance sheet has gotten much better. The cycle is just starting to come on with equipment makers, and is trading at about a 6-point discount to Finning. Trades at about 13.8X with Finning at around 19X.

merchandising / lodging
TOP PICK

They have three divisions. Industrial components, power systems and equipment. They have had a huge run up based on earnings. They report in a couple of weeks. It may be necessary to sell after that.

merchandising / lodging
SHORT

They are adamant they cannot cut the dividend. He thinks they should because the cash flow does not cover it. It is not on his list of safe dividend payers. He is short this stock.

merchandising / lodging
WATCH

This is a really volatile space. He likes TCK.B-T instead. On a short term basis it came right up to the break down level. It is at the bottom of a previous trading band. We are right at support here.

merchandising / lodging
RISKY BUY

(Market Call Minute.) Interesting company at this price. Have been doing tremendous cost cutting. At a level right now where it is starting to look very interesting again if you are patient.

merchandising / lodging
DON'T BUY

Just came to market and raised about $75 million to repay debt and get their debt level into better form. They are focusing on cost cutting and organic growth opportunities. They’re in a tough spot. 50% of their sales are to mines, oil sands, etc. They were down 7% in the market today and he doesn’t know what the news was. It’s not one that he would be buying here yet.

merchandising / lodging
COMMENT

Yield on this is pretty high and because of their debt position, they are likely to be cutting it at some point. They are related to the oil sector, so that is probably going to soften their earnings.

merchandising / lodging
Showing 1 to 15 of 100 entries

Wajax Corp(WJX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Wajax Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Wajax Corp(WJX-T) Frequently Asked Questions

What is Wajax Corp stock symbol?

Wajax Corp is a Canadian stock, trading under the symbol WJX-T on the Toronto Stock Exchange (WJX-CT). It is usually referred to as TSX:WJX or WJX-T

Is Wajax Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about WJX-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Wajax Corp.

Is Wajax Corp a good investment or a top pick?

Wajax Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Wajax Corp.

Why is Wajax Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Wajax Corp worth watching?

2 stock analysts on Stockchase covered Wajax Corp In the last year. It is a trending stock that is worth watching.

What is Wajax Corp stock price?

On 2021-12-01, Wajax Corp (WJX-T) stock closed at a price of $22.93.