Westshore Terminals Investment (TSE:WTE) Hits New 1-Year High – Here’s Why

Westshore Terminals Investment Co. (TSE:WTE) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$41.64 and last traded at C$41.64, with a volume of 13161 shares traded. The stock had previously closed at C$41.16.

Analyst Upgrades and Downgrades

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

Westshore Terminals Investment Stock Up 0.9%

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 company has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 26.13 and a beta of 0.34. The firm’s 50-day simple moving average is C$35.71 and its 200-day simple moving average is C$30.71.

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