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

Key Points

• Westshore Terminals Investment (TSE:WTE) hit a new 52-week high, trading as high as C$34.41 and last at C$34.39 on a volume of 22,227 shares.
• Royal Bank of Canada upgraded the stock to "outperform" and raised its target from C$29 to C$34; MarketBeat shows a consensus "Buy" rating with a C$34.00 consensus price target.
• The company reported C$0.66 EPS on C$69.15M revenue for the quarter with a 28.08% net margin and 12.55% ROE, and trades at a PE of 23.41 with a market cap of C$2.13B; liquidity metrics show a quick ratio of 2.07 but a current ratio of 0.87 and debt-to-equity of 59.65.

Shares of Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$34.41 and last traded at C$34.39, with a volume of 22227 shares trading hands. The stock had previously closed at C$34.19.

Wall Street Analysts Forecast Growth

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

Westshore Terminals Investment Stock Performance

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 company has a market capitalization of C$2.13 billion, a PE ratio of 23.41 and a beta of 0.28. The business has a 50 day simple moving average of C$31.62 and a 200 day simple moving average of C$28.00.

Westshore Terminals Investment (TSE:WTE - Get Free Report) last posted its quarterly earnings data on Friday, March 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The firm had revenue of C$69.15 million for the quarter. Westshore Terminals Investment had a net margin of 28.08% and a return on equity of 12.55%. Equities research analysts predict 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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