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

Key Points

• Westshore Terminals' stock hit a new 52-week high of C$33.70 (last C$33.63) and Royal Bank of Canada raised its price target from C$29 to C$34 with an outperform rating; the consensus rating is Buy with a C$34 target.
• The company reported quarterly EPS of C$0.66, revenue of C$69.15M, a net margin of 28.08% and ROE of 12.55%; it has a market cap of C$2.07B, a P/E of 22.78, and analysts expect roughly C$1.56 EPS for the fiscal year.
• Westshore owns and operates a coal storage and loading terminal at Roberts Bank, BC, earning revenue from loading coal onto seagoing vessels sourced from British Columbia, Alberta and the northwestern U.S.

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$33.70 and last traded at C$33.63, with a volume of 22397 shares changing hands. The stock had previously closed at C$32.96.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada increased their price target on Westshore Terminals Investment from C$29.00 to C$34.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$34.00.

Westshore Terminals Investment Trading Up 1.6%

The company has a quick ratio of 2.07, a current ratio of 0.87 and a debt-to-equity ratio of 59.65. The stock has a market cap of C$2.07 billion, a price-to-earnings ratio of 22.78 and a beta of 0.41. The business's 50 day simple moving average is C$30.60 and its 200 day simple moving average is C$27.47.

Westshore Terminals Investment (TSE:WTE - Get Free Report) last issued its quarterly earnings data on Friday, March 13th. The company reported C$0.66 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 12.55% and a net margin of 28.08%.The business had revenue of C$69.15 million for the quarter. On average, research analysts expect that Westshore Terminals Investment Co. will post 1.5632706 EPS for the current fiscal 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.

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