Westshore Terminals Investment (TSE:WTE) Reaches New 52-Week High – What’s Next?

Shares of Westshore Terminals Investment Co. (TSE:WTE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$42.99 and last traded at C$42.25, with a volume of 134306 shares. The stock had previously closed at C$42.25.

Analyst Ratings Changes

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

Westshore Terminals Investment Stock Performance

The company has a debt-to-equity ratio of 59.39, a quick ratio of 2.07 and a current ratio of 0.98. The business has a 50 day moving average price of C$37.20 and a two-hundred day moving average price of C$31.63. The company has a market cap of C$2.60 billion, a P/E ratio of 26.49 and a beta of 0.63.

Westshore Terminals Investment (TSE:WTE) last released its earnings results on Saturday, March 14th. The company reported C$0.66 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%.The company had revenue of C$69.15 million during the quarter. On average, sell-side analysts anticipate 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.