Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Stockchase Insights
Wajax CorpWJX.TOBUY ON WEAKNESSNov 03, 2021
Stockchase InsightsUnknown
$28.89
Stock price when the opinion was issued
$30.58
As of Jun 22, 2026. Market Open.
merchandisinglodging
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentPAST TOP PICK
Premium contentTOP 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)
merchandisinglodging
Premium contentPAST 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.
merchandisinglodging
Premium contentTOP 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)
merchandisinglodging
Premium contentTOP 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)
merchandisinglodging
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.
Greg NewmanOwned
merchandisinglodging
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.
merchandisinglodging
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.
James HodginsOwned
merchandisinglodging
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