Westshore Terminals Investment (TSE:WTE) Sets New 12-Month High – Still a Buy?

Westshore Terminals Investment Co. (TSE:WTE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$39.92 and last traded at C$39.78, with a volume of 10967 shares changing hands. The stock had previously closed at C$39.65.

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased their price objective on Westshore Terminals Investment from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$39.00.

Westshore Terminals Investment Price Performance

The firm has a market capitalization of C$2.51 billion, a PE ratio of 25.53 and a beta of 0.34. The company has a debt-to-equity ratio of 59.39, a current ratio of 0.98 and a quick ratio of 2.07. The firm has a 50-day simple moving average of C$35.33 and a 200-day simple moving average of C$30.50.

Westshore Terminals Investment (TSE:WTE) last announced its earnings results on Saturday, March 14th. The company reported C$0.66 earnings per share (EPS) for the quarter. The business had revenue of C$69.15 million for the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%. As a group, equities analysts forecast that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current year.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.